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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Computation of Capital gains - valuation of land as on 1.4.31981 ...


AO Ordered to Reassess Land Value for Accurate Capital Gains as of April 1, 1981, After Valuer Discrepancy.

October 12, 2015

Case Laws     Income Tax     AT

Computation of Capital gains - valuation of land as on 1.4.31981 - AO has simply adopted the value determined by the DVO - Registered Valuer has determined almost the double the amount of Guide Line Value, which also appears to be on the higher side - AO to redetermine the value - AT

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