Tag: Income Tax
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Difference upto 10% in the stamp duty value and sales consideration is allowable :-Hon’ble ITAT Jaipur
SITA BAI KHETAN VERSUS INCOME-TAX OFFICER No.- I. T. A. No. 826/JP/2013 Computation of capital gain – Adoption of value – Held that:- In the instant case, the difference between the valuation adopted by the Stamp Valuation Authority and declared by the assessee is less than 10 per cent. Therefore, we hereby direct the Assessing…
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Applicability of Section 43CA of Income Tax Act, 1961 where agreement executed prior to 01/04/2013
INDEXONE TRADECONE PVT. LTD. VERSUS DCIT, CENTRAL CIRCLE-2, JAIPUR Appeal No.- ITA No. 470/JP/2018 Addition invoking the provisions of section 43CA – applicability of provisions at the time of entering into the agreement to sell – Held that:- In the present case, where the date of agreement to sell in respect of the two flats…