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Property value rose before registration; ITAT scraps Rs 11.35 lakh tax on buyer

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Times of India
Property value rose before registration; ITAT scraps Rs 11.35 lakh tax on buyerWorldPing
Image via Times of India.

What happened

Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by more than the greater of Rs 50,000 or 10% of the consideration.

Key facts

  • Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by more than the greater of Rs 50,000 or 10% of the consideration.
  • Reported by Times of India and published Fri, 02 Oct 2026 05:31:41 UTC.

Why it matters

International stories like this one shape diplomacy, travel, energy supply and security decisions well beyond the country involved, which is why WorldPing tracks every update on it in one place.

What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Property value rose before registration; ITAT scraps Rs 11.35 lakh tax on buyer

  2. China tells families of AI executives to get permission before travelling abroad

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  4. US and Australia suspend diplomatic operations in Brazil before election

Sources

The original report was published by Times of India. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Times of India

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