Value Fixed by Stamp Valuation Authority to be taken as Full Value of Consideration Calculating Capital Gains: Delhi HC Condemns Act of PCIT in Rubber Stamping Attempt of AO to Reopen Assessment

Value - Stamp -Valuation -Authority - Full -Value - Consideration -Calculating -Capital -Delhi -HC -Condemns- Act - PCIT - Stamping- Attempt - AO - Reopen -Assessment-tacscan

The Delhi High Court condemned act of Principal Commissioner of Income Tax (PCIT) in rubber stamping attempt of the Assessing Officer (AO) to reopen assessment and observed that the value fixed by the stamp valuation authority, which is the circle rate, should be taken as the full value of the consideration while calculating capital gains….

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