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![Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-sustainable-Conditions-sustainable-when-Conditions-for-purchase-were-as-per-Conditions-mentioned-in-Allotment-letter-ITAT-taxscan.jpg "Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]")
Addition u/s 56(2)(x) not sustainable when Conditions for purchase were as per Conditions mentioned in Allotment letter: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) held that the additions under Section 56(2)(x) of the Income Tax Act, 1961 shall not be...
![Issuance of an Allotment Letter from a Builder / Developer not sufficient to Claim Sec 50 Benefit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Allotment-Letter-Taxscan.jpg "Issuance of an Allotment Letter from a Builder / Developer not sufficient to Claim Sec 50 Benefit: ITAT [Read Order]")