Stamp duty value shall be deemed as full value of consideration if consideration for transfer lesser than stamp duty value

Brief of the case :

The Hon’ble Punjab & Haryana High Court in case of B.M.J Real Estate P. Limited held that where the consideration received or accrued as a result of transfer of capital asset being the land or building  is less than the value adopted or assessed by the stamp valuation authorities, then as per Sec 50C(1) the value so adopted for the purpose of stamp duty value shall be deemed to be full value of  consideration arising as a result of transfer for the purpose of c

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