Assessable value: inclusion of stamp valuation authority's would have adopted price as deemed consideration for property transfers. The amendment treats, for capital gains computation, the value adopted or assessed for stamp duty as the deemed full value of consideration and expressly includes values that are assessable, defined as the price the stamp valuation authority would have adopted or assessed if referred to it for stamp duty purposes notwithstanding any contrary law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Assessable value: inclusion of stamp valuation authority's would have adopted price as deemed consideration for property transfers.
The amendment treats, for capital gains computation, the value adopted or assessed for stamp duty as the deemed full value of consideration and expressly includes values that are assessable, defined as the price the stamp valuation authority would have adopted or assessed if referred to it for stamp duty purposes notwithstanding any contrary law.
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