A 9 August 2019 decision of the Kolkata Income Tax Appellate Tribunal has been published concerning the treatment of a property's market valuation for stamp duty purposes as the consideration received for determining a capital gain. The case involved an assessee that in the Assessment Year 2014-15 declared long-term capital gains of INR 12,263,576 from the sale of the property, with a total sale consideration of INR 31,500,000. In reviewing the return, the assessing officer found that the ma…