Full Value of Consideration or Cost of Investment cannot be Substituted by Fair Market Value Except within Purview of Section 50 C of Income Tax Act: ITAT [Read Order]
Full value of consideration or cost of investment cannot be substituted by fair market value except within purview of Section 50 C of the Income Tax Act, 1961, rules, ITAT
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that full value of consideration or cost of investment cannot be substituted by fair market value except within purview of Section 50 C of the Income Tax Act, 1961 The counsel for the assessee S.B. Gupta argued that All property purchase and…
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