Capital Gains Tax: 10% Tolerance for FMV Variations Applies from April 1, 2003; Additions Deleted.

Computation of capital gain - FMV determination - addition u/s 50C - tolerance band for variations between stated sale consideration vis-à-vis stamp duty valuation - The rate of 10% of tolerance limit is applicable with effect from 1/4/2003 itself, no addition could be made in the hence of the assessee. - Additions deleted - AT .....

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