S. 50C Addition on basis of mere stamp duty valuation without considering market price not justified
Case Law Details
Case Name : Commissioner of Income Tax Delhi-II Vs Khoobsurat Resorts (P.) Ltd. (Delhi High Court)
Appeal Number : IT Appeal No. 776 of 2011
Date of Judgement/Order : 05/11/2012
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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HIGH COURT OF DELHI
Commissioner of Income-tax, Delhi-II
Versus
Khoobsurat Resorts (P.) Ltd.
IT Appeal No. 776 of 2011
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Prima facie, makes for a well reasoned judicial view, founded on so called ‘common sense’ (in legal terminology – ‘prnciple(s)of natural justice’).