Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Stamp Duty vs RR Value Confusion: ITAT Remands ₹75.33L Addition

Case Law Details

Case Name
Anil Hanumant Choudhari Vs ITO (ITAT Pune)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2020-21
Advertisement
Anil Hanumant Choudhari Vs ITO (ITAT Pune) Stamp Duty vs RR Value Confusion: AO’s Addition of 75.33L Remanded ; Joint Purchase Not a Bar, Tribunal Restores Full 54F Claim for Re-Examination Assessee sold two small plots during AY 2020-21 & invested the entire sale consideration of Rs.1,55,00,000 in a new residential property purchased jointly with his wife, claiming deduction u/s 54F. AO completed assessment ex-parte u/s 144 r.w.s 144B by wrongly comparing the ready reckoner value of Rs.84,63,000 with the stamp duty paid of Rs.9,30,000, treating the difference of Rs.75,33,000 as misrepor...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,494

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *