14 December 2014
Mr. vishwakeerthi is right. For the purpose of section 56(2)(vii), the value adopted for charging stamp duty is considered, which in your case is Rs.1.00 lakhs(13.5 - 12.5).
The stamp duty of Rs.95000/- is the duty you have paid on value 13.5 lakhs.
14 December 2014
You get the benefit of Rs. 95000/- when you sold that assets i.e., you can claim the expenses or cost of acquisition when you sold the assets . Because you are not allowed to claim the expenses now under the provision of 56(2)(vii) .
CAclubindia
