https://www.taxtmi.com/caselaws?id=116927 Stamp duty valuation cannot, by itself, be treated as the actual sale consideration for computing a deemed gift where no independent material shows that the declared consideration was understated. The analysis follows a coordinate bench view that the Sub-Registrar's value is only a stamp duty benchmark and does not establish the real transaction price in the absence of contrary evidence. On that basis, the deemed gift computation based solely on the stamp duty value was not sustainable, and the assessee succeeded on the issue. en-us Wed, 30 Jul 2003 00:00:00 +0530 Mon, 18 Jun 2012 18:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116927 Stamp duty valuation cannot, by itself, be treated as the actual sale consideration for computing a deemed gift where no independent material shows that the declared consideration was understated. The analysis follows a coordinate bench view that the Sub-Registrar's value is only a stamp duty benchmark and does not establish the real transaction price in the absence of contrary evidence. On that basis, the deemed gift computation based solely on the stamp duty value was not sustainable, and the assessee succeeded on the issue. Case-Laws Income Tax Wed, 30 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116927