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Income Tax | Allotment Letter Can Qualify as Agreement for Section 56 Valuation: ITAT Mumbai

22 Sept 2026 · 4d agoBy CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai held allotment letter can be agreement to sell, but remanded Section 56 addition to verify non-cash payment before allotment. The post Allotment Letter Can Qualify as Agreement for Section 56 Valuation: ITAT Mumbai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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