Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (6) TMI 722 - ITAT DELHIAdjustments u/s 143(1)(a) - adjustment u/s 50C by adopting " Stamp Duty Valuation" as " Full Value of Consideration" - CPC Bangalore disallowed the benefit of deduction claimed by the Assessee of investment in RECL Bonds - HELD THAT:- As relying on Sudesh Sachdev [2022 (11) TMI 1368 - ITAT DELHI] we hold that the provisions of Section 50C(2) as an inbuilt provision for adhering to principles of natural justice which has not been observed while making adjustments u/s 143(1)(a) of the Act and hence, the action of the revenue is not sustainable.
|