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TMI BlogSpecial provision for full value of consideration in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... ssed or assessable] by any authority of a State Government (hereafter in this section referred to as the "stamp valuation authority") for the purpose of payment of stamp duty in respect of such transfer, the value so adopted 2[or assessed or assessable] shall, for the purposes of section 48, be deemed to be the full value of the consideration received or accruing as a result of such tran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessed or assessable by the stamp valuation authority does not exceed one hundred and 7[ten per cent.] of the consideration received or accruing as a result of the transfer, the consideration so received or accruing as a result of the transfer shall, for the purposes of section 48, be deemed to be the full value of the consideration.] (2) Without prejudice to the provisions of sub-section (1), wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 34AA, section 35 and section 37 of the Wealth-tax Act, 1957 (27 of 1957), shall, with necessary modifications, apply in relation to such reference as they apply in relation to a reference made by the Assessing Officer under sub-section (1) of section 16A of that Act. Explanation 1..- For the purposes of this section, "Valuation Officer" shall have the same meaning as in clause (r) of se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e transfer.] ******************** Notes :- 1. Inserted by the Finance Act, 2002, w.e.f. 1-4-2003. 2. Substituted vide Finance (No. 2) Act, 2009, w.e.f. 1-10-2009, before it was read as, "or assessed" 3. Inserted vide Finance (No. 2) Act, 2009, w.e.f. 1-10-2009. 4. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of April, 2017 5. Inserted vide THE FINANCE ACT, 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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