Date of agreement should be used for computing sale value for Section 50C

PCIT Vs Bellandur Chikkagurappa Jayaramareddy (Karnataka High Court)

The Karnataka High Court addressed a dispute involving the determination of land sale value for income tax purposes under Section 50C of the Income Tax Act. The Revenue challenged a Tribunal’s decision to grant relief to the assessee by using the date of the Memo

Please become a Premium member. If you are already a Premium member, login here to access the full content.