Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (5) TMI 207 - AT - Income TaxSale consideration - Valuation of the capital asset(binding)to a Valuation Officer - Sale consideration was less than the value determined for stamp duty purposes, then such cases have to be referred to the DVO - Obviously, in such cases the sale consideration which has been deemed to be the value adopted for stamp duty purposes as per the main provision, would be the value adopted by the DVO - Therefore, set aside the order of the ld. CIT(A) and direct the Assessing Officer to adopt the sale consideration at the value determined by the DVO. Sale consideration - Since facts are identical because these two assessees' are also 1/3rd shareholders of the same property sold by Mrs. Nandita Khosla whose case has been adjudicated - Hence, set aside the orders of the ld. CIT(A) in these cases also and direct the Assessing Officer to adopt the sale consideration at the value determined by the DVO.
|