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Assessing Officer Questions Sale Price of Property as Unexplained Income; Section 50C and 43CA Impact Examined.

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Full Text of the Document

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....Sale of immovable property held in stock - Difference between market value and actual sale price treated by AO as unexplained income - applicability of section 50C on stock in trade - insertion of Section 43CA by the Finance Act 2013 - amendment is prospective....

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