Tribunal held that even after applying provisions of S.50C, difference in capital gain declared by assessee and figure adopted by Assessing Officer did not even exceed 10 per cent of stamp duty valuation, accordingly the addition was deleted. ( AY.2010-11)
Surendra S. Gupta. v. ACIT (2018) 170 ITD 732 (Mum) (Trib.)
S. 50C : Capital gains-Full value of consideration- Stamp valuation-Even after applying provisions of S.50C, difference in capital gain declared by assessee and figure adopted by AO did not even exceed 10 per cent of stamp duty valuation, addition was deleted. [ S.45 ].