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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Slump sale - valuation of property - assessee wants to rectify ...


Assessee's Request to Amend Property Sale Consideration from Rs. 20.74 Crore to Rs. 2.27 Lakh Denied Due to Clear Documentation.

October 6, 2016

Case Laws     Income Tax     AT

Slump sale - valuation of property - assessee wants to rectify the total consideration paid and received by other parties which is clearly mentioned in the sale deed by substituting the sale consideration at ₹ 2,27,386/- in place of original sale consideration of ₹ 20,74,64,400/- - A shocking explanation - Not allowed - AT

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