Capital gains u/s 45 - FMV determination - admittedly, the ...
Income Tax
March 30, 2022
Capital gains u/s 45 - FMV determination - admittedly, the property in question was sold by the Petitioner below the circle rate (stamp value rate) contrary to Section 50C of the Act. Consequently, this Court is of the view that the AO has the jurisdiction to examine in detail the transaction in question. - HC
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