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

Case Laws Income Tax

April 30, 2020

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 ...

Case Laws Income Tax

April 30, 2020

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