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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Additions made on the basis of the reevaluation of the ...


Assessee's Property Value Reevaluated; Banker's Valuation May Differ from Transaction Report Due to Purchase Timing.

March 9, 2017

Case Laws     Income Tax     HC

Additions made on the basis of the reevaluation of the assesses’s property - the valuation by the banker, who provided credit could well be different from the valuation report for the transaction given that the assessee had purchased the property long ago - HC

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