Stamp duty valuation under Section 50C or 43CA cannot be substituted & only the actual sale consideration should be reduced from WDV for depreciation purposes The ITAT Mumbai in the case of 3A Composites India Pvt. Ltd. vs. ACIT, No.- ITA No. 4096/Mum/2024 vide its order dated.- November 21, 2024, has clarified a significant…
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