| COURT: | ITAT Mumbai |
| CORAM: | N. K. Billaiya (AM), Vivek Varma (JM) |
| SECTION(S): | 142A, 50C, 69B |
| GENRE: | Domestic Tax |
| CATCH WORDS: | DVO's valuation report |
| COUNSEL: | Rakesh Joshi |
| DATE: | October 8, 2014 (Date of pronouncement) |
| DATE: | October 12, 2014 (Date of publication) |
| AY: | 2005-06 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Even if s. 50C addition can be made on the basis of stamp duty valuation, addition u/s 69B cannot be made barely on the basis of DVO's report | |
At the outset, we have to demarcate the territory of the case, i.e. application of section 50C and addition to be made u/s 69C. We find that both the sections operate independently i.e. to say that section 50C shall bet …
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