That difference between stamp duty valuation and actual sale consideration was to be reduced from written down value of block of assets. (Kotak Mahindra Bank Ltd. vs. Assessment Unit, Income-tax Department, DCIT [Assessment Year 2019-20] JANUARY 7, 2025 171 taxmann.com 420 (Mumbai - Trib.) That Sub-section (3) of section 124 places an obligation upon assessee to call in question jurisdiction of Assessing Officer within time period therein stipulated only in a case where objection pertains to territorial jurisdiction and not otherwise. (Income-tax Officer vs. Bhagyaarna Gems & Jewellery (P.) Ltd. [Assessment Year 2012-13] JANUARY 31, 2025 171 taxmann.com 689 (Raipur - Trib.) That where assessee-developer paid compensation to occupants for alternative accommodation due to disposition from property under development, said compensation could not be treated as consideration paid as part of share.......