Capital Gains – Adoption of valuation made by the Stamp duty ...
A.O. Must Refer Capital Gains Dispute to DVO if Stamp Duty Value Exceeds Sale Price.
February 7, 2012
Case Laws Income Tax AT
Capital Gains – Adoption of valuation made by the Stamp duty authorities as consideration - - Once the assessee claimed before the A.O. that the fair market value determined by the stamp-duty authorities are higher then the actual sale consideration and A.O. is not satisfied with the explanation of the assessee then he should rather bound to refer the matter to the DVO for valuation.... - AT
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