https://www.taxtmi.com/acts?id=38673 A proviso to section 55(2)(b) provides that for capital assets that are land or building, the fair market value on the historic valuation date shall not exceed the stamp duty value of the asset, where available. "Stamp duty value" is defined as the value adopted, assessed or assessable by a Central or State Government authority for payment of stamp duty on the immovable property. en-us Sat, 28 Mar 2020 10:14:12 +0530 Sat, 28 Mar 2020 10:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38673 A proviso to section 55(2)(b) provides that for capital assets that are land or building, the fair market value on the historic valuation date shall not exceed the stamp duty value of the asset, where available. "Stamp duty value" is defined as the value adopted, assessed or assessable by a Central or State Government authority for payment of stamp duty on the immovable property. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:14:12 +0530 https://www.taxtmi.com/acts?id=38673