Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Difference Between Stamp Duty Value And Purchase Consideration On Flat Within 10% Tolerance Limit; ITAT Deletes Rs 331 Cr Income Tax Addition
Auditing and AssuranceCorporate Compliance
The ITAT deleted ₹331 crore of income tax addition where the difference between stamp duty value and actual purchase consideration on flats was within 10% tolerance limit. The tribunal held that minor variations do not constitute under-reporting and emphasized adherence to permissible thresholds under tax regulations. The ruling provides clarity for property transactions and compliance assessments.
