Held that if the difference between the value determined by DVO and consideration declared by assessee was less than 5 per cent of sale consideration declared by assessee, assessee would be entitled to the safe harbour rule of 5 per cent as per third proviso to section 50C. (AY. 2012-13)
DCIT v. Tirupati Niryat (P.) Ltd. (2025) 213 ITD 513 (Kol) (Trib.)
S. 50C: Capital gains-Full value of consideration-Stamp valuation-Third proviso-Difference between value determined by DVO and consideration declared by assessee was less than 5 per cent of sale consideration-Would be entitled to the safe harbour rule of 5 per cent as per third proviso to section 50C.[S. 45]
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