“Section 56(2)(10)(b)”

MRS RAJANI JAGANNATH SHETTY,MUMBAI vs. ASSESSING OFFICER 19 2 2 , MUMBAI

In the result, the appeal filed by the assessee is allowed

Bench: Shri Narender Kumar Choudhry, Jm Mrs. Rajani Jagannath Shetty Assessing Officer 19 2 2, A 3102, Ra Residence Opposite Mumbai Sharada Talkies, Dr. Babasaheb Vs. Ambedkar Road, Dadaw East, Mumbai – 400014. Pan/Gir No. Aqpps2210P (Appellant) : (Respondent) Assessee By : Shri Vimal Punmiya Respondent By : Shri Sandeep Jumale - Sr. Dr Date Of Hearing : 19.11.2025 Date Of Pronouncement : 27.11.2025 O R D E R Per Narender Kumar Choudhry, J M:

only i.e., 3.09%, which is within the tolerance band granted by the statute, in the provisions of Section 56(2)(10)(B)(b) of the Act, which has been held applicable retrospectively by various Courts including by the Hon'ble Coordinate Bench of the Tribunal in the case of Lakhdhir