Taxpayer's Claim of Undue Hardship Dismissed; Section 50C Lacks Provision for Tolerance Band in Valuation Discrepancy Case.

Valuation u/s 50C - determined by the Stamp Valuation Authority is higher than the sale consideration declared by the assessee - There is no merits in assessee's claim of undue hardships being caused to the taxpayers unless a tolerance band is read into the provisions of the section 50C - AT .....

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