Capital gains u/s 45 - FMV determination - admittedly, the ...

Court Rules AO Can Review Property Sale Below Circle Rate u/s 50C for Capital Gains Assessment.

March 30, 2022

Case Laws Income Tax HC

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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Capital gains u/s 45 - FMV determination - admittedly, the ...

Court Rules AO Can Review Property Sale Below Circle Rate u/s 50C for Capital Gains Assessment.

March 30, 2022

Case Laws Income Tax HC

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