Section 50C | Stamp duty value of Date of agreement or registration?

Ashokbhai Chinubhai Bharwad Vs ITO (ITAT Ahmedabad)

The assessee has shown his share of sale consideration at Rs.81.00 lakhs being 25% share. The AO further found that sub-Registrar, Ahmedabad City Taluka had valued the property for the purpose of stamp duty payment at Rs.5,24,83,000/- as against sale consideration shown by the assessee at Rs.3,24,00,000/-. Therefore, the AO issued a show cause notice inviting explanation of the assessee as to why sale value for the purpose of computation of capital gain should not be taken

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