Section 50C cannot be applied if valuation difference is less than 10%
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27 Jul 2017
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Income Tax |
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Judiciary
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Income Tax |
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Judiciary
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Case Law Details
Case Name : M/s. John Fowler (India) Pvt. Ltd. Vs Deputy Commissioner of Income Tax (ITAT Mumbai)
Related Assessment Year :
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Courts :
All ITAT ITAT Mumbai
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Advocate Akhilesh Kumar Sah
A welcome decision of Mumbai ITAT in respect of the charging of capital gain on the difference between the valuation adopted by the Stamp Valuation Authority and declared by the assessee
Section 50C of the Income Tax Act
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