Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Page of 4798
Press 'Enter' after typing page number.
701 to 720 of 95955 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Under section 50C, fair market value must be determined on the...
Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be followed.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Under section 50C, fair market value must be determined on the property's existing condition, not on a hypothetical development or plotting basis. The text states that where the difference between declared consideration and the valuation was within the accepted tolerance band, the Departmental Valuation Officer's report could not reliably replace the actual sale price, especially because it assumed future development, deducted development expenses and developer's profit, and did not value the land as transferred. It also notes that, after a reference under section 50C(2), appellate direction to adopt stamp duty value directly was contrary to the statutory mechanism and unsustainable. The addition to long-term capital gains was deleted.
Under section 50C, fair market value must be determined on the property's existing condition, not on a hypothetical development or plotting basis. The text states that where the difference between declared consideration and the valuation was within the accepted tolerance band, the Departmental Valuation Officer's report could not reliably replace the actual sale price, especially because it assumed future development, deducted development expenses and developer's profit, and did not value the land as transferred. It also notes that, after a reference under section 50C(2), appellate direction to adopt stamp duty value directly was contrary to the statutory mechanism and unsustainable. The addition to long-term capital gains was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
