No Section 50C addition for variation of upto 10% of stamp duty value

Mamatha Divakar Shetty Vs ITO (ITAT Hyderabad)

In the statement of LTCG, the assessee had not adopted the market value/SRO value as sale consideration as per section 50C of the Act. In AY 2012-13, the assessee computed LTCG by adopting market value of Rs. 9,44,98,000/- and the assessee being 1/4th share beneficiary of Rs. 2,09,62,515/-, claimed deduction u/s 54F of Rs. 1,83,54,514/- against the investment in residential house and the amount of Rs. 26,08,201/- was offered as capital gain. But, later on, Pr. CIT verified from

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