5 results for “capital gains”+ Section 9(1)(vii)clear
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In the result, the appeal of the revenue is dismissed
Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)
9,70,500/- and registration and other charges at Rs. 7,39,500/-. The value taken by the ld. Assessing Officer was the value charged by the Government for Stamp Duty purposes. The appellant submitted before AO that the provisions of section 50C are for the purposes of capital gains tax calculation. Further the provisions of section 56(2)(vii