https://www.taxtmi.com/highlights?id=53227 Addition u/s 50C - Capital Gains - For the purposes of third proviso to S. 50C(1) of I.T.Act; the valuation of the property by DVO has no relevance; and what is material is the valuation by Stamp Valuation Authority. When the value as per Stamp Valuation Authority is more than 105 percent of sale consideration as per sale deed; the assessee is not eligible for benefit under third proviso to S. 50C(1) en-us Thu, 30 Apr 2020 11:33:23 +0530 Thu, 30 Apr 2020 11:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53227 Addition u/s 50C - Capital Gains - For the purposes of third proviso to S. 50C(1) of I.T.Act; the valuation of the property by DVO has no relevance; and what is material is the valuation by Stamp Valuation Authority. When the value as per Stamp Valuation Authority is more than 105 percent of sale consideration as per sale deed; the assessee is not eligible for benefit under third proviso to S. 50C(1) Highlights Income Tax Thu, 30 Apr 2020 11:33:23 +0530 https://www.taxtmi.com/highlights?id=53227