Section 50C – In the course of assessment proceedings if the assessee objects to adoption of stamp duty value as deemed sale consideration, for whatever reason, it is the duty of the AO to make a reference to the DVO for determining the value of the property sold
Jagdish D. Shah | Jagdish T. Punjabi Chartered Accountants
Film Pvt. Ltd. vs. ITO (Mumbai) Members:
Saktijit Dey (J.M.) and G. Manjunatha (A.M.) ITA No.
2256/Mum/2016 A.Y.: 2011-12 Date of order:
21st June, 2019 Counsel for
Assessee / Revenue: Deepak Tralshawala / Jothi Lakshmi Nayak