Amendment of section 50C

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Full Text of the Document

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....le by the stamp valuation authority does not exceed one hundred and five per cent. of the consideration received or accruing as a result of the transfer, the consideration so received or accruing as a result of the transfer shall, for the purposes of section 48, be deemed to be the full value of the consideration.". - Clause 19 of the Bill seeks to amend section 50C of the Income-tax Act rela....