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Income Tax - Highlights / Catch Notes

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Computation of capital gain - adoption of value of the property ...


Capital Gains Based on Sale Deed Value: Section 50C Limits Assessing Officer from Using Enhanced Property Value.

May 18, 2021

Case Laws     Income Tax     AT

Computation of capital gain - adoption of value of the property as per registered sale deed for the purpose of Section 50C - Where the stamp duty authorities have accepted the original value of the property as per the sale deed, there is no basis left with the AO to continue to apply the enhanced value - AT

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