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Property bought for 6.5 crore but valued at 8.85 crore: How buyer won relief from 2.35 crore tax addition

A property buyer who paid 6.5 crore for a property valued at 8.85 crore for stamp duty purposes won relief from a 2.35 crore tax addition. ITAT Mumbai ruled that a higher stamp-duty value alone cannot prove undisclosed investment under Section 69B without evidence of extra payment.