Tribunal held that the authorities have not dealt with the objections of the assessee , such as property was tenanted and Court cases were pending , certain portion to be taken over by authority for road widening . Accordingly addition on account of difference in stamp valuation and sale deed is held to be not valid . ( AY.2008 -09)
Atul Kumar Garg HUF and ors ( 2018) 64 ITR 72 (SN) (Lucknow) ( Tri)
S. 50C : Capital gains – Full value of consideration – Stamp valuation -Property was tenanted and Court cases were pending , certain portion to be taken over by authority for road widening -Objections of the assessee was not dealt with authorities – Addition on account of difference in stamp valuation and sale deed is held to be not valid .[ S.45 ]