{"id":29966,"date":"2022-09-30T16:53:37","date_gmt":"2022-09-30T11:23:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sanjraj-mehta-v-ito-mum-trib-www-itatonline-org\/"},"modified":"2022-09-30T16:53:37","modified_gmt":"2022-09-30T11:23:37","slug":"sanjraj-mehta-v-ito-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sanjraj-mehta-v-ito-mum-trib-www-itatonline-org\/","title":{"rendered":"Sanjraj Mehta v .ITO (Mum)( Trib) www.itatonline .org"},"content":{"rendered":"<p>The assessee was allotted flat on 17 -10 -2011\u00a0 for consideration of Rs 70 lakhs . The flat was registered on 23 -7 -2013. \u00a0The \u00a0stamp value as on date of registration was Rs 1,00, 2850. \u00a0\u00a0\u00a0. The AO made addition of Rs 30, 28, 500 \u00a0u\/s 56(2)(vii)(b ) of the Act\u00a0 treating the stamp value on the date of\u00a0 Registration\u00a0 . \u00a0\u00a0Order of AO is affirmed\u00a0 by the CIT(A) .\u00a0 On appeal allowing \u00a0the \u00a0appeal of the Assessee the Tribunal held that the value as on date fixing the price for purchase price\u00a0 i. e 17-10 2011 ( Date of allotment letter ) should be adopted. \u00a0\u00a0Tribunal relied on following\u00a0 judgements , Siraj Ahmed Jmalbhai Bora\u00a0 v. iTO ( ITA No. 1886\/M \/2019 dt 28 -10 2020 ( Mum)( Trib)),Radha Kisan Kungwani v . ITO (2020) 185 ITD 433 ( Jaipur )( Trib), Saanjay Dattatraya Dapodikar v .ITO ( ITA No. 1747\/PN \/ 2018 dt . 30 \/4 \/2019\u00a0 ( Pune)( Trib) , Ashutosh Jha v. ITO ( ITA No. 188 \/Ranchi 2019 dt 30 -4 -2021 ( Ranchi)( Trib), Dy.CIT v. Deepak Sashi Bhusan Roy ( ITA No.3204 &amp; 3316 \/M\/2016 dt . 30 -7- 2018 ( Mum)( Trib) , Mohd Ilyas Ansari v. ITO ( ITA No. 6174 \/M\/ 2017 dt 6 -11 -2020 ( Mum)( Trib) ( ITA No. 56\/Mum\/ 2021 dt\u00a0 5 -9 -2022\u00a0 ( AY . 2014 -15 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources \u2013Stamp value &#8211; Market value of flat on agreement date is to be considered and not the value of registration of sale agreement -Addition is  deleted .   [ S. 45 ,  56(2)(vii)(b) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-29966","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Nk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29966"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29966\/revisions"}],"predecessor-version":[{"id":29967,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29966\/revisions\/29967"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}