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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Computation of LTCG - applicability of Section 50C - property ...


Section 50C Challenge: LTCG computation disputed due to property encumbrances affecting marketable title and unjust stamp valuation.

March 29, 2019

Case Laws     Income Tax     AT

Computation of LTCG - applicability of Section 50C - property under sale was under various encumbrances and the assessee was not having the absolute marketable title of the said property - adoption of stamp valuation as a sale consideration u/s 50C was not justified

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