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Further, it needs to be checked whether the consideration for the flat on the date of allotment is higher than the Stamp Duty value as on that date. In the event the answer is in affirmative, the transaction will be held to be good. Refer CIT v. Vummudi Amarendran (2020) 429 ITR 97 /(2021) 277 Taxman 243 (Mad.) ITA NO.338/MUM/2023 (A.Y: 2018-19) Swati Atul Kadakia (HC) the Court held that as regards, Stamp valuation, amendment with effect from 1-4-2017. Statutory amendment is made to remove an undue hardship- Amendment retrospective.