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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

If the assessee disputes the value as per stamp valuation ...


Taxpayers can dispute stamp valuation for capital gains; Assessing Officer must refer to valuation officer u/s 50C(2).

January 2, 2017

Case Laws     Income Tax     AT

If the assessee disputes the value as per stamp valuation authority to be substituted in place of sales consideration for the purpose of calculation of capital gain, then the AO should refer the capital asset to valuation Officer for determination u/s 50C(2) - AT

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