Stamp Duty Valued as Full Value of Consideration u/s 50C(1): ITAT directs Re-Computation of Capital Gains [Read Order]

Stamp Duty - Value of Consideration - Consideration - ITAT - Re-Computation of Capital Gains - Capital Gains- taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the re-computation of capital gain as the stamp duty was valued as full value of the consideration by invoking the provisions under Section 50C(1) of the Income Tax Act, 1961. By applying Section 50C of the Income Tax Act and adopting stamp duty value…

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