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Allotment Letter Can Be “Agreement” for Section 56 Valuation: Mumbai ITAT

27 Aug 2026 · 27 Aug 2026By CA Vijayakumar Shetty

ITAT Mumbai restores ₹33.28 lakh Section 56(2)(vii)(b) addition to verify whether allotment letters fixed consideration and banking conditions. The post Allotment Letter Can Be “Agreement” for Section 56 Valuation: Mumbai ITAT appeared first on TaxGuru .

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