ITAT Jaipur Upholds Section 50C Addition for Stamp Duty Value Exceeding Transaction Value by 10%

Kavita Samtani Vs DCIT (ITAT Jaipur)

The Income Tax Appellate Tribunal (ITAT) Jaipur Bench recently dismissed an appeal filed by Kavita Samtani, challenging an order by the Commissioner of Income Tax (Appeals) [CIT(A)]. The appeal concerned an addition to her income for the 2018-19 assessment year under Section 50C of the Income Tax Act, 1961, which pertains to the valuation of property sales for tax purposes.

Case Background

The initial assessment order for the 2018-19 fiscal year was issued on December 31, 2019. In it, the Assessing Officer (AO) det

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