Question ID :
My Client has sold his residential House at a price in accordance with Stamp valuation Price . The entire sale consideration has received with banking mode . The AO has asked that why not matter to be refer for Valuation as in his opinion (without any evidences) the Sell Price is far below of FMV . He has asked to us whether you have any objection for valuation .
What should we do . Pl. advise with relevant section and case law if possible .
Nov 9 2019 12:00AM