Incorrect Application of Section 50C for Property Transfer as Stock in Trade Overturned; Additions Deleted.

Correct head of income - transfer of property as stock in trade - Valuation - Application of provisions of section 50C - the AO and CIT(A) erred in applying provisions of section 50C of the Act and determination of full value consideration to compute short term capital gains from transfer of property. - Additions deleted - AT .....

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