Held that since the difference between circle rate and the actual sale consideration was about 7.7 per cent. of the circle rate, which was less than 10 per cent. of the stamp duty valuation, the Commissioner (Appeals) was not justified in sustaining the addition made by the Assessing Officer. (AY. 2014-15)
RMG Buildwell (P.) Ltd. v. ITO (2021) 90 ITR 1 SN) (Delhi)(Trib.)
S. 50C : Capital gains-Full value of consideration-Stamp valuation Difference between Circle Rate and actual sale consideration less than 10 Per Cent. of Stamp Duty valuation-Difference cannot be added. [S. 43CA, 45, 56]