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Income Tax - Highlights / Catch Notes

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Capital gain computation - cost of acquisition of the asset as ...


Court Upholds Approved Valuer's Report for Asset Valuation Over DVO's in Capital Gain Case.

March 6, 2019

Case Laws     Income Tax     AT

Capital gain computation - cost of acquisition of the asset as on 01.04.1981 - valuation report of the DVO Vs. Registered valuer Report - Approved Valuer’s report taking into consideration various factors applicable for the area of Vasant Vihar, then same does not loses his credence to DVO’s report. It has to be given a credible importance and it cannot be said that the DVO’s report should supersede the Approved Valuer’s report.

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