Deemed capital gains by invoking the provisions of section 50D - ...

Authorities Challenge Deemed Capital Gains u/s 50D Without Inquiry into Agreed Consideration for Flat Transfer.

December 21, 2020

Case Laws Income Tax AT

Deemed capital gains by invoking the provisions of section 50D - there was no justification on the part of the authorities below to doubt or dispute the said consideration as claimed to be mutually agreed by the assessee-company to arrive at the conclusion that the consideration received or accruing as a result of the transfer of the two flats was not ascertainable or could not be determined without even making any inquiry whatsoever with the concerned transferees. - AT

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Deemed capital gains by invoking the provisions of section 50D - ...

Authorities Challenge Deemed Capital Gains u/s 50D Without Inquiry into Agreed Consideration for Flat Transfer.

December 21, 2020

Case Laws Income Tax AT

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