Dismissing the appeal of the revenue the Tribunal held that; since Jantri value/circle rate of land was not higher than sale price agreed by assessee with purchaser, deeming provisions of could not be invoked. (AY.2010-11)
DCIT v. Nimish Kalyanbhai Vasa (2019) 174 ITD 562 / 199 TTJ 989/ 178 DTR 401 (Ahd.)(Trib.)
S. 50C : Capital gains-Full value of consideration-Stamp valuation – Jantri value/circle rate of land was not higher than sale price agreed by assessee with purchaser, deeming provisions of could not be invoked. [S. 45, 48]