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Rekha Singh v.ITO ( 2024)BCAJ – February – P 41 ( Mum)( Trib)

S. 56 : Income from other sources – Stamp valuation-Date of agreement – Part consideration was paid by Co -owner on or before the date of the agreement – Stamp duty as on the date of boking of the flat to be considered – The date of registration and who has made the payment is immaterial -Addition is deleted.[ S.56(2)(viib) ]

Tribunal held that proviso to section 56(2)(vii)(b) providing stamp duty values on the date of agreement applies even in case where part of the consideration was paid by the Co -owner , and not by the assessee or on before the date of the agreement . Addition is deleted .  ( AY. 2015 -16 )( ITA No. 2406 /Mum/ 2023 dt. 30 -10-2023) 

 

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