Section 56(2) of the Income Tax Act

The decision most relied on for Section 56(2) is Global Logic India Ltd. v. Dy. CIT (117 Taxmann.com 39), cited in 11 of the 61 judgments on BharatTax that turn on this section.

Leading authorities on Section 56(2)

Global Logic India Ltd. v. Dy. CIT
117 Taxmann.com 39 · 2020 · Reported
11
citing judgments
Prism Cement Ltd. v. JCIT
101 ITD 103 · 2006 · ITAT
10
citing judgments
CIT(LTU) & Another v. IBM Global Services India Pvt Ltd.
429 ITR 386 · 2020 · High Court
10
citing judgments
177 TAXMAN 35 (GUJ) (g) Commissioner of Income-tax-V v. Real Time Marketing (P.) Ltd.
173 Taxmann 41 · 2008 · High Court
9
citing judgments
Khinvasara Investment (P.) Ltd. v. JCIT, SR-5, Pune
110 ITD 198 · 2008 · ITAT
7
citing judgments
JCIT v. Saheli Leasing & Industries Ltd.
324 ITR 170 · 2010 · Supreme Court
7
citing judgments
Vikram Krishna v. PCIT
114 Taxmann.com 197 · 2020 · Supreme Court
6
citing judgments
DepakFertilisers and Petrochemicals Copn. Ltd. v. DCIT
118 ITD 546 · 2009 · ITAT
6
citing judgments
16 (Mum. Trib.) (viii) Hackett Group (India) Ltd. v. DCIT
132 Taxmann.com 220 · 2021 · High Court
6
citing judgments
Ahmedabad Urban Development Authority v. ACIT(E) 120171
369 ITR 323 · High Court
6
citing judgments

Judgments on Section 56(2)

JIGAR SEVANTILAL SHAH ,MUMBAI vs. ITO WARD 19(1)(5), MUMBAI

In the result, appeal is partly allowed

ITA 7418/MUM/2025[2018-19]Status: DisposedITAT Mumbai17 Apr 2026AY 2018-19

Bench: Shri Saktijit Dey & Shri Makarand Vasant Mahadeokarjigar Sevantilal Shah, Income Tax Officer, 503, 5Th Floor, Praman Heritage, Vp Ward 19(1)(5), Vs. Road, Sikka Nagar, Girgaon, Mumbai - 400012 Mumbai - 400004 (Appellant) : (Respondent) Pan No. Alkps 6823J Appellant By : Shri Rajesh Shah Respondent By : Shri Nayanjoti Nath, Sr. Ar Date Of Hearing : 09.03.2026 Date Of Pronouncement : 17.04.2026 O R D E R Per Saktijit Dey:

For Appellant: Shri Rajesh ShahFor Respondent: Shri Nayanjoti Nath, Sr. AR
Section 56(2)

SOPHIA MUSHTAQ PANIRWALA,G T ROAD MUMBAI vs. ACIT, ASSESSMENT UNIT ,NFAC

ITA 7242/MUM/2025[2020-21]Status: DisposedITAT Mumbai17 Mar 2026AY 2020-21

Bench: Shri Amit Shukla & Shri Girish Agrawalassessment Year: 2020-21 Sophia Mushtaq Panirwala Vs Assistant Commissioner Of 7-D Billimoria Hosg, Income Tax, Proctor Road, Grant Road, Assessment Unit, Nfac, Mumbai - 400007 New Delhi - 110002 (Pan: Aigpp2287C) Appellant Respondent Present For: Assessee By : Shri Prakash Jhujhunwala, Ca Revenue By : Shri Pradipsinh Saktavat, Sr. Dr Date Of Hearing : 26.02.2026 Date Of Pronouncement : 17.03.2026 O R D E R Per Girish Agrawal: This Appeal Filed By The Assessee Is Against The Order Of National Faceless Appeal Centre (Nfac), Delhi Vide Order No. Itba/Nfac/S/250/2025-26/1080505962(1) Dated 10.09.2025 Passed Against The Assessment Order U/S. 143(3) Of The Income-Tax Act, 1961 (Hereinafter Referred To As The “Act”), Dated 13.08.2022 For Ay 2020-21. 2. Grounds Taken By The Assessee Are Reproduced As Under: 1. “Whether The Id Cit-A,Nfac Was Justified By Passing The Order Without Affording Reasonable Opportunity Of Being Heard & Personal Hearing Despite The Admitted Facts That There Are So Many Glitches On Portal Resulting Details/Submissions Couldn'T Be Uploaded. 2. Whether The Ld Cit-A(Nfac) Was Justified By Upholding The Assessment Order On The Issue Of Invoking Section 56(2) On The Difference Of Rs.2,28,41,000/-Due To Stamp Valuation & Declared Consideration Without Considering The Nature

For Appellant: Shri Prakash Jhujhunwala, CAFor Respondent: Shri Pradipsinh Saktavat, Sr. DR
Section 115BSection 143(3)Section 56(2)Section 69

BHOPAL SINGH CHAUDHARY,SRINAGAR GARHWAL vs. ITO SRINAGAR, SRINAGAR GARHWAL

ITA 5/DDN/2026[2017-18]Status: HeardITAT Dehradun09 Mar 2026AY 2017-18

Bench: Shri Mahavir Singh & Shri Manish Agarwal

Section 147Section 148Section 250Section 270ASection 271ASection 50CSection 56(2)

BHOPAL SINGH CHAUDHARY,DEHRADUN vs. ITO SRINAGAR, SRINAGAR GARHWAL

ITA 236/DDN/2025[2017-18]Status: HeardITAT Dehradun09 Mar 2026AY 2017-18

Bench: Shri Mahavir Singh & Shri Manish Agarwal

Section 147Section 148Section 250Section 270ASection 271ASection 50CSection 56(2)

DEEPAK JAYANTILAL JAIN,MUMBAI vs. INCOME TAX OFFICER 19(1)(1), MUMBAI

In the result, the Assessee’s appeal is allowed for statistical purposes

ITA 6766/MUM/2025[2017-18]Status: DisposedITAT Mumbai02 Mar 2026AY 2017-18

Bench: Shri Narender Kumar Choudhryshri Jagadish

For Appellant: Shri Niraj Punamiya (VirtuallyFor Respondent: Shri Annavaram Kosuri (Sr
Section 147Section 250Section 50CSection 69

INCOME TAX OFFICER, DELHI vs. RATNA AGGARWAL, DELHI

ITA 21/DEL/2025[2018-19]Status: DisposedITAT Delhi04 Feb 2026AY 2018-19

Bench: Shri Anubhav Sharma & Shri Manish Agarwalincome Tax Officer Vs. Ratna Aggarwal Room No. 1210, E-2, Krishna Nagar, Block, Civic Center, New Delhi – 110051 Minto Road, New Delhi – 110002 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aefpa6066B Appellant .. Respondent

For Appellant: Sh. Mayank Patawali, AdvFor Respondent: Sh. Krishna Kumar Ramawat, Sr
Section 147Section 148Section 2(47)Section 56(2)

ITO-1(3)(4), MUMBAI vs. VISHWAS RAYONS PRIVATE LIMITED , MUMBAI

ITA 1027/MUM/2025[2014-15]Status: DisposedITAT Mumbai20 Jan 2026AY 2014-15

Bench: Hon’Ble Shri Sandeep Gosain& Hon’Ble Shri Om Prakash Kantito- 1(3)(4) Vs. Vishwas Rayons Private Room No. 528, 5Th Floor, Limited Aayakarbhavan, M.K. Road, Room No. 19, 3Rd Floor Mumbai- 400020 6 M.K. Amin Marg, Bora Bazar Street, Fort, Mumbai- 400001 Pan/Gir No. Aadcv1302N (Applicant) (Respondent) Assesseeby Shri. Rasesh Shah Revenue By Ms. Kavitha Kaushik,Sr.Dr. Date Of Hearing 13.11.2025 Date Of Pronouncement 20.01.2026 आदेश / Order Per Sandeep Gosain, Jm: The Present Appeal Has Been Filed By The Revenue Challenging The Impugned Order 23.12.2024 Passed U/S 250 Of The Income Tax Act, 1961 (‘The Act’), By The National Faceless Appeal Centre, Delhi (Nfac) For The Assessment Year 2014-15. The Following Grounds Are Reproduced Below: “1. I) On The Facts & Circumstances Of The Case & In Law The Ld. Cit(A) Erred Allowing The Appeal Of The Assessee & Deleting The Addition Of Rs.3,62,27,500/- Made By The Ao Under I The Provisions Of Section 68 Of The 2 Vishwas Rayons Private Limited

Section 133(6)Section 250Section 4Section 68

DEPUTY COMMISSIONER OF INCOME TAX , KOLKATA vs. SNOWFALL COMMOTRADE PVT LTD , KOLKATA

In the result, the appeal filed by the revenue is dismissed and cross-objection of the assessee is also dismissed

ITA 2087/KOL/2025[2015-16]Status: DisposedITAT Kolkata15 Jan 2026AY 2015-16

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyassessment Year: 2015-16 Dcit, Circle-5(1), Kolkata………...….……………….……….……….……Appellant Vs. M/S Snowfall Commotrade Pvt. Ltd….……………………………...…..…..Respondent 27, Modi Building, R N Mukherjee Road, Kolkata-700001. [Pan: Aaics0531J] C.O. 85/Kol/2025 (In Ita No.2087/Kol/2025) Assessment Year: 2015-16 M/S Snowfall Commotrade Pvt. Ltd.….……………………………… Cross-Objector 27, Modi Building, R N Mukherjee Road, Kolkata-700001. [Pan: Aaics0531J] Vs. Dcit, Circle-5(1), Kolkata ……………………………..…...…..…………….Respondent Appearances By: Shri J. M. Thad, Adv., Appeared On Behalf Of The Assessee. Shri Sanat Kr. Raha, Cit- Dr, Appeared On Behalf Of The Revenue. Date Of Concluding The Hearing : January 07, 2026 Date Of Pronouncing The Order : January 15, 2026 Order Per Pradip Kumar Choubey:

Section 14ASection 250

KUSUM CHAUHAN ,JAGADHARI HARYANA vs. INCOME TAX OFFICER WARD 3 YAMUNANAGAR , JAGADHARI

The appeal stand allowed

ITA 1310/CHANDI/2025[2020-21]Status: DisposedITAT Chandigarh06 Jan 2026AY 2020-21

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI MANOJ KUMAR AGGARWAL (Accountant Member)

For Appellant: Sh. Akshat Dalal (Advocate) – Ld. ARFor Respondent: Sh. Vivek Vardhan (Addl. CIT) – Ld. Sr. DR
Section 144BSection 147Section 148Section 56(2)

ISH BHATIA,DELHI vs. ITO, DELHI

Appeal is allowed

ITA 7610/DEL/2025[2017-18]Status: DisposedITAT Delhi24 Dec 2025AY 2017-18

Bench: Sh. Satbeer Singh Godaraita No. 7610/Del/2025 : Asstt. Year: 2017-18 Ish Bhatia, Vs Income Tax Officer, 2770/5, Chuna Mandi Pahar Ganj, Ward-62(1), New Delhi-110055 New Delhi-110002 (Appellant) (Respondent) Pan No. Afcpb4844A Assessee By: Sh. Raghav Sharma, Ca & Sh. Mohit Gupta, Ca Revenue By : Sh. Amit Shukla, Sr. Dr Date Of Hearing: 24.12.2025 Date Of Pronouncement: 24.12.2025 Order This Assessee’S Appeal For Assessment Year 2017-18 Arises Against The Cit(A)/Nfac, Delhi’S Din & Order No. Itba/Nfac/S/250/2025-26/10758867882(1) Dated 29.04.2025, In Proceedings U/S 147 Of The Income Tax Act, 1961 (In Short “The Act”).

For Appellant: Sh. Raghav Sharma, CA &For Respondent: Sh. Amit Shukla, Sr. DR
Section 147Section 56(2)Section 56(2)(x)

VIKI VIJAY BALWADKAR,PUNE, MAHARASHTRA vs. INCOME TAX OFFICER WARD 2(2), PUNE , PUNE, MAHARASHTRA

In the result, appeal of the assessee is allowed for statistical purposes

ITA 2242/PUN/2025[2015-16]Status: DisposedITAT Pune09 Dec 2025AY 2015-16

Bench: Dr. Manish Borad & Shri Vinay Bhamoreआयकर अपील सं./Ita No. 2242/Pun/2025 धििेंारण वर्ा /Assessment Year: 2015-16 Viki Vijay Balwadkar, Ito, Ward 2(2), Pune The Pearl, Sanjay Farm At Post Balewadi, Opposite Vs. Bharati Vidhypeeth, Haveli, Pune-411045 Maharashtra Pan-Asrpb2959G अपीलेंर्थी / Appellant प्रत्यर्थी / Respondent

For Appellant: Shri Bhuvanesh KankaniFor Respondent: Shri Manoj Tripathi-Addl. CIT
Section 147Section 148Section 151Section 250Section 56(2)

LAXMAN KANAIYALAL DHARMANI ,MUMBAI vs. INCOME TAX OFFICER WARD 23(2)(6), MUMBAI

The appeal of the assessee is allowed

ITA 5675/MUM/2025[2018-19]Status: DisposedITAT Mumbai02 Dec 2025AY 2018-19

Bench: Shri Saktijit Dey, Vp & Ms Padmavathy S, Am

For Appellant: Shri Gunjan Kakkad, AR
Section 250Section 56(2)(x)

LOKMANI SHARMA,DELHI vs. ITO WARD-68(1) , NEW DELHI

Appeal is allowed

ITA 6234/DEL/2025[2012-13]Status: DisposedITAT Delhi24 Nov 2025AY 2012-13

Bench: SHRI SATBEER SINGH GODARA (Judicial Member)

Section 144Section 56(2)

DINESH KUMAR,BEHROR vs. ITO BEHROR, BEHROR

ITA 919/JPR/2025[2013-14]Status: DisposedITAT Jaipur19 Nov 2025AY 2013-14

Bench: SHRI GAGAN GOYAL (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

For Appellant: NoneFor Respondent: Mrs. Anita Rinesh, JCIT-DR (through V.C.)
Section 142(1)Section 147Section 148

BALBIR KUMAR HUF,CHANDIGARH vs. ITO , CHANDIGARH

ITA 172/CHANDI/2024[2017-18]Status: DisposedITAT Chandigarh11 Nov 2025AY 2017-18

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

For Appellant: Shri Suraj Bhan Nain, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR

PAWAN KUMAR,FATEHABAD vs. INCOME TAX OFFICER WARD-1, FATEHABAD

ITA 1112/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

For Appellant: Shri Suraj Bhan Nain, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR

KANCHAN LALWANI,VIZIANAGARAM vs. INCOME TAX OFFICER, WARD-1, VIZIANAGARAM

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

ITA 484/VIZ/2025[2021-22]Status: DisposedITAT Visakhapatnam31 Oct 2025AY 2021-22

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 142(1)Section 143(2)Section 143(3)Section 234ASection 56(2)(x)Section 68

ARUNESWAR MUKHOPADHYAY,KOLKATA vs. ACIT, CIRCLE 1(1), , KOLKATA

In the result, the appeal of the assessee is allowed

ITA 1057/KOL/2025[2015-2016]Status: DisposedITAT Kolkata14 Oct 2025AY 2015-2016

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 1057/Kol/2025 Assessment Year: 2015-2016 Aruneswar Mukhopadhyay,……………….……Appellant 64, Rajni Mukherjee Road, Sahapur, Kolkata-700038, West Bengal [Pan:Adspm1879J] -Vs.- Assistant Commissioner Of Income Tax,…..Respondent Circle-1(1), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069 Appearances By: Shri Rajesh Kumar Mishra, Advocate, Appeared On Behalf Of The Assessee Shri Mrinmay Basak, Sr. D.R., Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: August 25, 2025 Date Of Pronouncing The Order: October 14, 2025 O R D E R

Section 154Section 271(1)(c)Section 56(2)

RAMRATAN SAHEBRAO PUNDKAR,AKOT vs. ITO WARD - 3, AKOLA, AKOLA

In the result, Assessee’s appeal is allowed for statistical purpose

ITA 397/NAG/2024[2018-19]Status: DisposedITAT Nagpur23 Sept 2025AY 2018-19

Bench: Shri Narender Kumar Choudhryramratan Sahebrao Ito, Ward-3, Akola Pundkar, 1, Suman Vihar, Vs. Akola Road, Akot, Maharashtra. Pan: Abppp 9146 A (Appellant) (Respondent)

For Appellant: Shri K.P. Dewani, Ld. AdvocateFor Respondent: Shri Surjit Kumar Saha, Ld. Sr.D.R
Section 142(1)Section 250Section 56(2)

PHOOL SINGH,HISAR vs. ITO WARD-1, HISAR

ITA 1520/DEL/2023[2018-19]Status: DisposedITAT Delhi12 Sept 2025AY 2018-19

Bench: Shri S. Rifaur Rahman & Shri Anubhav Sharmaita No.1517/Del/2023 (Assessment Year 2015-16)

Section 143(1)Section 154Section 250

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