Stamp duty value defined as government-assessed value for immovable property, including land and buildings, affecting income tax provisions. Definition of Stamp duty value designates the amount adopted, assessed, or assessable by a government authority for payment of stamp duty in relation to immovable property (land, building or both). For the provision addressing project incentives, the definition confines the competent authority to a Central Government or State Government authority for stamp duty purposes. In both settings the official stamp-duty assessment serves as the operative valuation metric for the relevant income-tax provision.
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.
Stamp duty value defined as government-assessed value for immovable property, including land and buildings, affecting income tax provisions.
Definition of Stamp duty value designates the amount adopted, assessed, or assessable by a government authority for payment of stamp duty in relation to immovable property (land, building or both). For the provision addressing project incentives, the definition confines the competent authority to a Central Government or State Government authority for stamp duty purposes. In both settings the official stamp-duty assessment serves as the operative valuation metric for the relevant income-tax provision.
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