https://www.taxtmi.com/forum/issue?id=5269 Where total sale consideration exceeded the combined deed values for land and building, the assessee credited the residual entirely to the building and to its block of assets; the assessing officer asserts the surplus must be apportioned between land and building in proportion to circle (stamp) values, thereby raising the land's taxable sale consideration. Recommended evidentiary remedies include obtaining a registered valuer's report or other external documentary support, or adopting a defensible proportional allocation of the total consideration. en-us Sun, 03 Feb 2013 21:12:36 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5269 Where total sale consideration exceeded the combined deed values for land and building, the assessee credited the residual entirely to the building and to its block of assets; the assessing officer asserts the surplus must be apportioned between land and building in proportion to circle (stamp) values, thereby raising the land's taxable sale consideration. Recommended evidentiary remedies include obtaining a registered valuer's report or other external documentary support, or adopting a defensible proportional allocation of the total consideration. Discussion-Forum Income Tax Sun, 03 Feb 2013 21:12:36 +0530 https://www.taxtmi.com/forum/issue?id=5269