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Section 56(2)(vii) applies to purchaser of capital asset & Section 50C to Buyer

Bharat Keshavlal Shah Vs PCIT (ITAT Pune) Lastly comes the issue of section 56(2)(vii) made applicable in assessee’s case on account of alleged difference between stamp valuation and actual purchase consideration qua the sale deed executed in the relevant previous year. A perusal of the said sale deed dated 31.12.2013, and more particularly, the schedule […]



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Section 56(2)(vii) applies to purchaser of capital asset & Section 50C to Buyer

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