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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Computation of capital gain - FMV determination - addition u/s ...

Income Tax

November 1, 2023

Computation of capital gain - FMV determination - addition u/s 50C - tolerance band for variations between stated sale consideration vis-à-vis stamp duty valuation - The rate of 10% of tolerance limit is applicable with effect from 1/4/2003 itself, no addition could be made in the hence of the assessee. - Additions deleted - AT

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