Capital gain on sale of land - FMV as on 1/4/1981 - AO has not ...
Court Remands Case on 1981 Land FMV for Capital Gains Tax; AO Lacks Evidence on Valuation Method.
May 27, 2019
Case Laws Income Tax AT
Capital gain on sale of land - FMV as on 1/4/1981 - AO has not given any evidence that how the FMV has been determined by him - AO may decide the whole issue either by referring the matter to the DVO for determining the FMV or accepting the value shown by the assessee - matter remanded
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