https://www.taxtmi.com/article/detailed?id=5614 Transfers of immovable property held as stock-in-trade must for tax purposes be measured by the value adopted by stamp valuation authorities when that value exceeds the reported sale consideration, with procedural safeguards allowing reference to an approved valuer and application of valuation officer findings. The stamp duty value can be taken as of the agreement date rather than registration where any part of consideration was received non-cash on or before the agreement, and a token non-cash receipt may invoke that dating exception. en-us Wed, 14 May 2014 08:12:11 +0530 Wed, 14 May 2014 08:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5614 Transfers of immovable property held as stock-in-trade must for tax purposes be measured by the value adopted by stamp valuation authorities when that value exceeds the reported sale consideration, with procedural safeguards allowing reference to an approved valuer and application of valuation officer findings. The stamp duty value can be taken as of the agreement date rather than registration where any part of consideration was received non-cash on or before the agreement, and a token non-cash receipt may invoke that dating exception. Articles Income Tax Wed, 14 May 2014 08:12:11 +0530 https://www.taxtmi.com/article/detailed?id=5614