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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Computation of capital gains - determination of cost of ...


Assessing Officer Lacked Jurisdiction to Use Valuation Report Not Acquired u/s 55A for Capital Gains.

August 13, 2015

Case Laws     Income Tax     HC

Computation of capital gains - determination of cost of acquisition as on April 1, 1974 - Assessing Officer had no jurisdiction to place reliance on the valuation report obtained subsequently and that too when not obtained in exercise of powers u/s 55A - HC

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