Addition u/s.56(2)(vii)(b)(ii) - difference between the value ...

Case Laws Income Tax

October 19, 2022

Addition u/s.56(2)(vii)(b)(ii) - difference between the value fixed by the stamp duty authorities and the sale consideration - Government of Tamil Nadu has reduced the circle rates of the property w.e.f.2017 - DVO should consider the subsequent downward revision of guideline value for the purpose of registration of properties i.e., the circle rate and give weightage to the same and then estimate the fair market value of the property.- AT

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Addition u/s.56(2)(vii)(b)(ii) - difference between the value ...

Case Laws Income Tax

October 19, 2022

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