S. 50C: AO cannot straightaway adopt stamp duty value as
consideration for capital gains but must offer assessee benefit of reference to
DVO for valuation
It is difficult to accept the proposition that the
assessee had accepted that the price fixed by the District Sub Registrar was
the fair market value of the property. No such inference can be made as against
the assessee because he had nothing to do in the matter. Stamp duty was payable
by the purchaser. […]
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