24 September 2014
Sir, My Client purchase a building with land in his business for consideration less than stamp duty value whether sec 56(2)(vii) apply or not.
25 September 2014
if the client is an individual or HUF, then 56(2)(vii) shall still apply. refer to this discussion http://www.itatonline.org/articles_new/index.php/s-562viib-controversies-arising-after-amendment-by-finance-act-2013/
CAclubindia
