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Section 50C | Stamp duty value of Date of agreement or registration?
Case Law Details
- Case Name
- Ashokbhai Chinubhai Bharwad Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Ahmedabad
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Ashokbhai Chinubhai Bharwad Vs ITO (ITAT Ahmedabad)
The assessee has shown his share of sale consideration at Rs.81.00 lakhs being 25% share. The AO further found that sub-Registrar, Ahmedabad City Taluka had valued the property for the purpose of stamp duty payment at Rs.5,24,83,000/- as against sale consideration shown by the assessee at Rs.3,24,00,000/-. Therefore, the AO issued a show cause notice inviting explanation of the assessee as to why sale value for the purpose of computation of capital gain should not be taken at Rs.5,24,83,000/- i.e. value adopted by the sub-Reg...
