https://www.taxtmi.com/circulars?id=10273 The note explains that Section 52(2) treats the full value of the consideration for a transferred capital asset as its market value where declared consideration is understated, to prevent tax evasion on capital gains, while permitting a 15% margin for genuine valuation differences and imposing safeguards such as prior concurrence of a senior inspecting officer, opportunity to be heard, and referral to a Valuation Officer or appellate remedies to avoid arbitrary application. en-us Wed, 06 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10273 The note explains that Section 52(2) treats the full value of the consideration for a transferred capital asset as its market value where declared consideration is understated, to prevent tax evasion on capital gains, while permitting a 15% margin for genuine valuation differences and imposing safeguards such as prior concurrence of a senior inspecting officer, opportunity to be heard, and referral to a Valuation Officer or appellate remedies to avoid arbitrary application. Circulars Income Tax Wed, 06 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10273