Income Tax Act Section 56(2)(vii)(b)(ii): Road Proximity Doesn't Justify Higher Property Valuation for Tax Purposes.

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....Addition invoking the provisions of section 56(2)(vii)(b)(ii) - just because the said colony or flat is adjacent to a road, which has a higher guideline value, the higher value cannot be adopted for the purpose of making an addition by invoking the provisions of section 56(2)(vii)(b)(ii).....