Friday, November 6, 2020

Guideline value couldn't be treated as sale consideration where actual sale consideration is recited in sale deed

INCOME TAX: Guideline value shown in sale deed could not be construed as actual sale value to conclude that assessee had under quoted sale amount in return

from www.taxmann.com Latest Case Laws https://ift.tt/2TYEYEl
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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