https://www.taxtmi.com/highlights?id=37527 Capital gain computation - AO has invoked section 50C merely relying on the SRO value for the purpose of stamp duty - sale of assets by the bank through action due to default in paying debts - The sale was distress sale - AO cannot invoke section 50C - AT en-us Sat, 13 Jan 2018 18:13:18 +0530 Sat, 13 Jan 2018 18:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37527 Capital gain computation - AO has invoked section 50C merely relying on the SRO value for the purpose of stamp duty - sale of assets by the bank through action due to default in paying debts - The sale was distress sale - AO cannot invoke section 50C - AT Highlights Income Tax Sat, 13 Jan 2018 18:13:18 +0530 https://www.taxtmi.com/highlights?id=37527