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(Querist)
14 October 2009 In cases where the valuation by stamp duty authority is more than the amount actually received on sale of a capital asset, will the difference be liable for penalty on concealment of income ?
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sunny bansal

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sunny bansal (Expert)
15 October 2009 yes it will be for penalty u/s 274(1)(c).
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
16 October 2009 YES AGREE WITH EXPERT
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