Monday, August 20, 2018

Actual Sale Consideration shall be subjected to Tax when an Affidavit Declaration is made by Assessee: ITAT

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that if assessee had paid tax for the sale consideration shown in the sale deed which is not the actual amount of sale consideration, affidavit shown by the assessee can be considered. In the instant case, assessee is an individual who declared income from […]

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