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1 result for “transfer pricing”+ Section 50C(1)clear

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Key Topics

Section 53A6Section 2(47)3Section 50C2

SILLS KARINGATTIL JOSE,NEDUMKANDOM vs. ITO WARD 2, THODUPUZHA

Appeal is partly allowed for statistical purpose

ITA 132/COCH/2023[2016-17]Status: DisposedITAT Cochin19 Nov 2024AY 2016-17

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhsils Karingattil Jose Income Tax Officer Np 3/406, Karingattil Ward - 2, House, Munnar Road Thodupuzha Vs. Nedumkandom P.O. [Pan: Afopj8789C] (Appellant) (Respondent)

For Appellant: Shri P. M. Veeramani, CAFor Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 2(47)Section 2(47)(V)Section 250Section 50CSection 53ASection 56(2)(vii)

50C ; (b) 'fair market value' of a property, other than an immovable property, means the value determined in accordance with the method as may be prescribed ; (c) 'jewellery' shall have the meaning assigned to it in the Explanation to sub-clause (ii) of clause (14) of section 2 ; (d) 'property' means the following capital asset of the assessee, namely