Case Law Details
Case Name : Clayking Minerals LLP Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Ahmedabad
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Clayking Minerals LLP Vs ITO (ITAT Ahmedabad)
Sec 56(2)(x) applies to any immovable property, including agricultural land & when the assessee disputes stamp duty valuation, AO must refer to DVO
Assessee’s  income tax return filed declaring loss  was selected for ‘Limited Scrutiny’ through CASS to examine whether the purchase value of a property was less than the value determined by the stamp valuation authority u/s 56(2)(x).Â
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