Addition u/s 50C -sale at lower price - substitution of stamp ...

Court Considers Illegal Occupation Evidence in Reducing Capital Gains u/s 50C of Income Tax Act.

July 12, 2019

Case Laws Income Tax AT

Addition u/s 50C -sale at lower price - substitution of stamp duty value as deemed sale consideration - the assessee has demonstrated the encroachment by illegal occupiers with reference to electricity bills in the name of the illegal occupiers and substantial payment to various such occupiers by the purchaser in the subsequent years which was disputed by the Revenue - will be reduced for computation of capital gains

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Addition u/s 50C -sale at lower price - substitution of stamp ...

Court Considers Illegal Occupation Evidence in Reducing Capital Gains u/s 50C of Income Tax Act.

July 12, 2019

Case Laws Income Tax AT

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