Amendment of section 55.

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..... ses (i ) and (ii ), being land or building or both, the fair market value of such asset on the 1st day of April, 2001 for the purposes of the said sub-clauses shall not exceed the stamp duty value, wherever available, of such asset as on the 1st day of April, 2001. Explanation. -For the purposes of this proviso, stamp duty value means the value adopted or assessed or assessable by any au .....

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..... asset on the 1st day of April, 2001 for the purposes of the said sub-clauses shall not exceed the stamp duty value, wherever available, of such asset as on the 1st day of April, 2001. It is further proposed to define the expression stamp duty value for the purposes of the said proviso to mean the value adopted or assessed or assessable by any authority of the Central Government or a State Gover .....

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