urgent help on sec 50C ?????

In my opinion.........!!!!!!!!!!!!!!!!

As per sec 50C(2) you may claim before AO in only that case where the Value adopted by Stamp  valuation authority eceeds the fair market value of the Property as on the date of transfer and then AO as per sec 55A may refer Valuation officer...And if the value determined by valuation officer is LESS than value adopted for Stamp duty purpose then AO may take such fair value .......However if value determined by Valuation officer is MORE than value adopted by stamp authority would be taken by AO..........!!!!!

In your case the value has been Reduced by Stamp authority And therefore you can not Benifited from that sec ..!!!!!!!!

But d buyer has never challenged d value under sec 5oC(2).

Here Assessee is the seller.N they have not used their right as mentioned under sec 50C (2).

Buyer has appealed for the purpose of payment of less Stamp duty.

What you had understoon .i don't no..........!!!!!!!!!!!

I am telling about your client(Seller) jee..!!!!!!!!!!!!!

Your client can not be benifited as you are telling that "The buyer had challenged the stamp valuation done by stamp valuation authority which they reduced by 20% since he paid all d stamp duty on it."

Further more i am of opinion that you should contact to CCI expert in this regard..!!!!!!!!!!!!!!! OK.........!!!!!!!