[aaykarbhavan] Valuation by DVO shall be the actual consideration under sec. 50C even if such value is lesser than stamp valuation

Valuation by DVO shall be the actual consideration under sec. 50C even if such value is lesser than stamp valuation

May 31, 2014[2014] 45 taxmann.com 141 (Visakhapatnam - Trib.)

IT : Where fair market value determined by DVO on a reference made by Assessing Officer in terms of sub-section (2) of section 50C is less than value adopted or assessed by Stamp Valuation Authority then such fair market value determined by DVO has to be treated as full value of consideration received by assessee for purpose of computing capital gain

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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