TMI BlogAddition as short term capital gain by invoking the provisions of section 50C - difference between the...Addition as short term capital gain by invoking the provisions of section 50C - difference between the declared sale consideration and the market value is within the range of 5% - the benefit provided under the third proviso to section 50C(1) of the Act, should be extended to the assessee, as, ultimately the value determined by the Stamp Valuation Authority has been substituted by DVO's valuation in terms of sub-section (3) of section 50C of the Act. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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