Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

Interplay of section 50C, 69B and 56(2)(vii)/(x) in the light of judgment in K.P. Varghese’ case.

February 14, 2020[2020] 114 229 (Article)
The issue whether provisions of section 50C can be invoked in the hands of the buyer is, by now, settled. It cannot be invoked in the hands of the buyer of immovable property (land or building or both). However, the AOs used to make addition, u/s 69B, in the hands of the buyer on the presumption that the difference between Stamp Duty Valuation and apparent sale consideration would have been paid by the buyer to the seller of immovable property.
read more 21 min read
Best view in 1140 x 768