https://www.taxtmi.com/highlights?id=67801 Long Term Capital Gains - valuation u/s 50C - commercial property or residential property - the Assessing officer at most, can have referred the matter to the District Valuation Officer but the Assessing officer himself did not have any authority to apply the value of the Circle rate of commercial property, especially when the Stamp Duty Authority / Registering Authority had accepted this sale deed as per the Circle rate meant for residential property. - AT en-us Thu, 19 Jan 2023 13:03:54 +0530 Thu, 19 Jan 2023 13:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67801 Long Term Capital Gains - valuation u/s 50C - commercial property or residential property - the Assessing officer at most, can have referred the matter to the District Valuation Officer but the Assessing officer himself did not have any authority to apply the value of the Circle rate of commercial property, especially when the Stamp Duty Authority / Registering Authority had accepted this sale deed as per the Circle rate meant for residential property. - AT Highlights Income Tax Thu, 19 Jan 2023 13:03:54 +0530 https://www.taxtmi.com/highlights?id=67801