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Capital Gains Tax

This query is : Resolved 
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(Querist)
02 June 2007 Company A sells its office premises whose market value is Rs.9 crores to a person holding beneficial interest in the company at Rs.3 cores which is higher than the guidance value for payment of stamp duty under Section 50 C of the Income tax act. Kindly clarify:

The tax implication on company And also on the buyer.
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Vivek Jain

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Vivek Jain (Expert)
02 June 2007 The SC juddment of K.P.Verghese , will answere your querry
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CA Nikita

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CA Nikita (Expert)
11 June 2007 The above Judgementmust have answered your query...
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