2 results for “capital gains”+ Section 201clear
Sorted by relevance
201 of the Act. Further, the assessee had sold a property on 25-10-2013 for Rs 4 lakhs. The market value of the same was determined by the stamp duty authorities at Rs 12,40,000. Accordingly, the Learned AO applied the Gumnam Singh Kushwah provisions of section 50C of the Act and sought to substitute the sale consideration