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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Express provision of Section 50-C enabling the revenue to treat ...


Section 50-C: Stamp Duty Value Not Sole Indicator of Undervaluation in Property Acquisition.

December 3, 2014

Case Laws     Income Tax     AT

Express provision of Section 50-C enabling the revenue to treat the value declared by an assessee for payment of stamp duty, ipso facto, cannot be a legitimate ground for concluding that there was undervaluation, in the acquisition of immovable property - AT

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