accordingly, the valuation is
higher than the assessee's set forth value.
4. The Ld.AR relied on the order ... forth
value and value adopted by the DVO amount to Rs.1,66,99,000/-. The difference
is exactly 25% higher than the set forth
satisfied that the sale value is reasonable which in turn requires verification of the value of each independent asset. He also referred ... agreement which reads as under :
"(F) As set forth in the MOU, PAL and AP agreed that subject to the terms and conditions
Dcit - 1 (1) (2), Mumbai vs Forbes & Company Ltd., Mumbai on 17 March, 2023
Deed No. 1-0502-
05713/2017) respectively whereas the Set Forth Values were
Rs.4,00,000/- and Rs.33,70,000/- respectively. In case ... 1052649727(1), whereby the amount
of Rs. 3,37,000/- (Set-Forth Value) has been proposed to be modified
thereby treating
cash
against the registered set forth deed value of Rs. 25,20,000/-.
For easy understanding the summary of the case is reproduced as follows ... common practice that actual
monetary transactions are more than the set forth value of the registered sale deeds,
which is recorded at the prevailing Government
total price of Rs.7,57,56,000/- which
was the set forth value as per the deed of conveyance(as well as the circle ... conveyance executed on 6th June, 2018,at applicable circle rates (set forth deed value
being same), and payments made through bank channel. So far there
immovable properties used to be collected based on the
Consideration/value set forth in the underlying instruments of transfer. It is only
upon introduction ... immovable properties used to be collected based on
the consideration/value set forth in the underlying instruments of transfer. It is only
upon introduction
affirmed the same.
Considering these facts, we are inclined to set aside the order of ld. CIT (A) on this issue
and direct ... account of difference
between the stamp valuation and set forth value.
9. The facts in brief are that the ld. AO during the course
value was higher than the set forth value and the difference in between the
guidance value and the set forth value amount
vide
order dated 06.03.2019, has set aside the matter back to the file of the AO with a
direction to examine the issues regarding capital ... Soni , and her
husband (ii) Dr. Ravi Soni, for a set forth deed value
