Case Law Details
Case Name : Ranganath Ashok Meharwade Vs ITO (ITAT Bangalore)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Bangalore
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Ranganath Ashok Meharwade Vs ITO (ITAT Bangalore)
ITAT Bangalore held that once the sale consideration mentioned in the sale deed differs from the stamp value adopted by the officer, AO has to adopt the procedures contemplated u/s. 50C of the Act. Accordingly, appeal filed by the assessee dismissed.
Facts- AO based on the information received by him that the assessee had sold an immovable property on 03/02/2015 for a sale consideration of Rs. 22 Lakhs as against the market value for stamp duty purpose at Rs. 54,20,000/-. Therefore AO relied on section 50C of
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.