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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Merely because the assessee/purchaser had to pay the stamp duty ...


Paying Higher Stamp Duty Doesn't Prove Sale Price Exceeds Agreement Amount, Says Court.

January 20, 2014

Case Laws     Income Tax     AT

Merely because the assessee/purchaser had to pay the stamp duty as per the departmental instructions at a higher rate, that itself can not be a sufficient to hold that the actual sale consideration of the flats was more than that was mentioned in the sale agreement - AT

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