Deeming fiction u/s 50C for investment u/s 54EC

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The Bombay HC rejects the assessee’s claim that, the deeming fiction in 50C, which deems the stamp duty valuation , instead of the declared value as the actual consideration, holds that for the purpose of investment u/s 54 EC, the value as adopted u/s 50C shall be considered

Posted on 25/03/2019
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