Value of Property assessed by SVA on date of Agreement to Sale shall be taken for computing full value of consideration for Transfer u/s 50C: ITAT [Read Order]

By Sunayana Dhal - On September 30, 2023 2:00 pm - 2 mins read

Value - Property - assessed - SVA - Agreement - computing - full value - consideration - ITAT - taxscan

The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the value of the property assessed by the stamp valuation authority (SVA) on the date of agreement to sale shall be taken for computing the full value of the consideration for transfer under Section 50C of the Income Tax Act, 1961. The assessee…

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