Deemed full value rule: stamp valuation close to agreed price treated as operative consideration for capital gains computation. The amendment inserts a proviso to section 50C providing that where the value adopted or assessed by the stamp valuation authority does not exceed a modest tolerance above the consideration received or accruing on transfer, the consideration so received or accruing shall be deemed to be the full value of consideration for purposes of capital gains computation under the applicable provisions.
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.
Deemed full value rule: stamp valuation close to agreed price treated as operative consideration for capital gains computation.
The amendment inserts a proviso to section 50C providing that where the value adopted or assessed by the stamp valuation authority does not exceed a modest tolerance above the consideration received or accruing on transfer, the consideration so received or accruing shall be deemed to be the full value of consideration for purposes of capital gains computation under the applicable provisions.
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