https://www.taxtmi.com/caselaws?id=256663 Section 50C was applied to substitute the stamp valuation as the full value of consideration for long-term capital gains because the assessee had already challenged the stamp valuation in appeal and revision, so the conditions for relief under section 50C(2) were not met; the factual objection on TDR valuation was also rejected. On fair market value as on 1 April 1981, the pre-amendment section 55A did not permit reference to the District Valuation Officer merely because the Assessing Officer considered the assessee's declared value excessive, and the registered valuer's figure was accepted following Puja Prints. The stamp valuation issue was sustained, while the 1 April 1981 valuation was accepted at the assessee's figure, giving partial relief. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 19 Feb 2015 09:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256663 Section 50C was applied to substitute the stamp valuation as the full value of consideration for long-term capital gains because the assessee had already challenged the stamp valuation in appeal and revision, so the conditions for relief under section 50C(2) were not met; the factual objection on TDR valuation was also rejected. On fair market value as on 1 April 1981, the pre-amendment section 55A did not permit reference to the District Valuation Officer merely because the Assessing Officer considered the assessee's declared value excessive, and the registered valuer's figure was accepted following Puja Prints. The stamp valuation issue was sustained, while the 1 April 1981 valuation was accepted at the assessee's figure, giving partial relief. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256663