Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Understatement <strong>of</strong><br />
consideration<br />
• AO can substitute actual sale<br />
consideration in place <strong>of</strong> stated<br />
consideration, if there is evidence to<br />
show that the assessee had indeed<br />
received higher amount<br />
Inderpal Singh Ahuja v. CIT (2006) 103 ITD 271<br />
(ITAT-Asr<br />
Asr)