Determination of Capital Gain - Application of section 50C - ...

Dispute Over Fair Market Value of Land Sold: Section 50C Capital Gain Challenge Lacks DVO Assessment.

September 19, 2020

Case Laws Income Tax AT

Determination of Capital Gain - Application of section 50C - Determination of fair market value of land which is claimed to be sold under compelling circumstances by the assessee as per declared sale consideration and where the Revenue intends substituting stamp duty value for actual sale consideration, the right course of action would have been to refer the matter to the DVO, however, no such action was taken by the ld CIT(A). - AT

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Determination of Capital Gain - Application of section 50C - ...

Dispute Over Fair Market Value of Land Sold: Section 50C Capital Gain Challenge Lacks DVO Assessment.

September 19, 2020

Case Laws Income Tax AT

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