Capital gain computation - ancestral property devolved and ...

Court Criticizes Revenue Authorities for Errors in Calculating Capital Gains on Ancestral Property's Fair Market Value.

January 5, 2020

Case Laws Income Tax AT

Capital gain computation - ancestral property devolved and jointly owned with other co-owners - fair market value (FMV) of the immovable property as on 01.04.1981 - Action of the Revenue is seriously marred by multiple and intrinsic legal infirmities and violation of principles of natural justice.

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Capital gain computation - ancestral property devolved and ...

Court Criticizes Revenue Authorities for Errors in Calculating Capital Gains on Ancestral Property's Fair Market Value.

January 5, 2020

Case Laws Income Tax AT

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