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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Provisions of section 142A are not applicable for the purpose of ...


Section 142A Provisions Not Applicable: AO to Use Stamp Valuation Based on Circle Rates at Transfer Date.

November 7, 2011

Case Laws     Income Tax     AT

Provisions of section 142A are not applicable for the purpose of determination of full value of consideration. - The AO has to adopt the value for the purpose of stamp valuation as per circle rates as on the date of transfer..... - AT

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