https://www.taxtmi.com/article/detailed?id=756 The Finance Bill 2010 narrows the deeming provision so that immovable property received only without consideration is chargeable, and limits "property" to capital assets, excluding stock-in-trade; stamp duty value remains the valuation touchstone with dispute referral to a Valuation Officer. The change, retrospective to the original provision, removes coverage of transactions for inadequate consideration, creating a drafting gap whereby artificially low stated consideration may escape the deeming charge contrary to the anti-evasion intent of the original rule. en-us Tue, 13 Apr 2010 00:00:00 +0530 Tue, 13 Apr 2010 15:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=756 The Finance Bill 2010 narrows the deeming provision so that immovable property received only without consideration is chargeable, and limits "property" to capital assets, excluding stock-in-trade; stamp duty value remains the valuation touchstone with dispute referral to a Valuation Officer. The change, retrospective to the original provision, removes coverage of transactions for inadequate consideration, creating a drafting gap whereby artificially low stated consideration may escape the deeming charge contrary to the anti-evasion intent of the original rule. Articles Income Tax Tue, 13 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=756