The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the provisions of section 50C of the Income Tax Act, 1961 mandating application of fair market value of the property is applicable from the date of execution of agreement to sale. The 50cAssessee has entered into agreement to sale of […]
The post Fair Market Value of Property applicable from the Date of Execution of Agreement to Sale: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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