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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Computation of capital gain - Application of Section 50C - A ...


Section 50C: DVO's Higher Property Valuation Report Insufficient to Prove Actual Consideration for Capital Gains Tax.

April 15, 2015

Case Laws     Income Tax     AT

Computation of capital gain - Application of Section 50C - A mere report of the DVO estimating higher value of the property cannot be considered as an evidence of the actual full value of consideration received or accruing as a result of the transfer of capital asset. - AT

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