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Section 50c


Mahesh Reddy K (Bangalore)     02 March 2013

Mahesh Reddy K
Bangalore 
 65 points

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An assessee sold a property having Government Value of  Rs.20 lacs at Rs.15 lacs.
What are the legal complications or the adverse effect of this??
Can the assesse argue that Fair Market Value is lesser than the Government Value?

Are there any case laws??




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