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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Long Term Capital Gains - valuation u/s 50C - commercial ...

Income Tax

January 19, 2023

Long Term Capital Gains - valuation u/s 50C - commercial property or residential property - the Assessing officer at most, can have referred the matter to the District Valuation Officer but the Assessing officer himself did not have any authority to apply the value of the Circle rate of commercial property, especially when the Stamp Duty Authority / Registering Authority had accepted this sale deed as per the Circle rate meant for residential property. - AT

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