Income Tax | Later Registration Cannot Trigger Section 56(2)(vii)(b) Retrospectively: ITAT Mumbai

ITAT Mumbai deletes Rs.1.59 crore addition under section 56(2)(vii)(b), holding a 2007 property allotment could not be taxed using the 2013 registration date. The post Later Registration Cannot Trigger Section 56(2)(vii)(b) Retrospectively: ITAT Mumbai appeared first on TaxGuru .