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2020 (7) TMI 690 - HC - Income TaxEffect of application of Section 43CA of the Act and Section 56(2)(vii)(b) of the Income Tax Act, 1961 substituted by Finance Act, 2013 w.e.f 01.04.2014 - scope of ‘total income’ be substituted by ‘the Valuation assessed by any Authority of a State Government for the purpose of payment of stamp duty’ - discrimination in application of Section 43CA and Section 56(2)(vii)(b)(ii) of the Act as it is known fact that the levy of stamp duty is a state subject - ‘valuation of the Stamp Valuation Authority’ - HELD THAT:- Learned counsel for the petitioner Mr. Deepak Kumar Sinha at the outset seeks permission to withdraw this writ petition in order to move before the appropriate Forum. Learned counsel for the Income Tax Department does not object to the prayer. Petition dismissed as withdrawn.
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