Question And Answer
Subject: Section 56(2)(vii)(b)
Querist: Dhiraj Upadhyaya
Answered by: Reply of the Expert is awaited;
Date: April 17, 2024
Query asked by Dhiraj Upadhyaya

If an assesse buys a flat for Rs 70L for stamp duty value was Rs 90L. The flat was registered on May 2013.

As per my best knowledge this section was applicable for all transactions after 01 Apr 2013

Is the IT right in invoking the above section for difference of Rs 20L

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Answer given by
Reply of the Expert is awaited. Please check back later

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