Addition u/s 50C - Capital Gains - For the purposes of third ...

Stamp Valuation Authority's Assessment Key in Capital Gains Cases u/s 50C; DVO Valuation Not Considered.

April 30, 2020

Case Laws Income Tax AT

Addition u/s 50C - Capital Gains - For the purposes of third proviso to S. 50C(1) of I.T.Act; the valuation of the property by DVO has no relevance; and what is material is the valuation by Stamp Valuation Authority. When the value as per Stamp Valuation Authority is more than 105 percent of sale consideration as per sale deed; the assessee is not eligible for benefit under third proviso to S. 50C(1)

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Addition u/s 50C - Capital Gains - For the purposes of third ...

Stamp Valuation Authority's Assessment Key in Capital Gains Cases u/s 50C; DVO Valuation Not Considered.

April 30, 2020

Case Laws Income Tax AT

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