If Addition made by AO u\/s 50C and Sec 56(2)(X) without referring to DVO and made addition . Aggrieved by Addition Assessee filed Appeal before CIT Appeal . Now Assessee want to go in Vivad se Vishwas scheme , then want will Purchase Cost of immovable property as mention above after opting under VSV scheme .<\/p>\n
Means , At the time of Sale of property, Purchase cost of property should have take Sec 50C value on which I pay tax under the scheme or original purchase cost for which I have bought the property ..?? ( Simple meaning Will Assessee be allowed to increase the Purchase cost to Sec 50C value if the pay tax under the Scheme )<\/p>\n","protected":false},"excerpt":{"rendered":"
If Addition made by AO u\/s 50C and Sec 56(2)(X) without referring to DVO and made addition . Aggrieved by Addition Assessee filed Appeal before CIT Appeal . Now Assessee want to go in Vivad se Vishwas scheme , then want will Purchase Cost of immovable property as mention above after opting under VSV scheme . Means , At the time of Sale of property, Purchase cost of property should have take Sec 50C value on which I pay tax under the scheme or original purchase cost for which I have bought the property ..?? ( Simple meaning Will Assessee be allowed to increase the Purchase cost to Sec 50C value if the pay tax under the Scheme )<\/p>\n