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Property bought for ₹48 lakh, stamp value ₹58.7 lakh: Why ITAT cancelled ₹70,700 tax penalty

1 source · first seen 15:55 26 Sept · updated 15:55 26 Sept

The brief

Written from 1 report · check the source before you trade
  • ITAT cancelled a ₹70,700 tax penalty in a property case involving a ₹48 lakh purchase and ₹58.7 lakh stamp value

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Linked by the tag Income tax

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1 report · earliest 15:55
MintProperty bought for ₹48 lakh, stamp value ₹58.7 lakh: Why ITAT cancelled ₹70,700 tax penalty15:55