Enhancement of Capital Gain - Initially the value was taken as ...

Capital Gain Enhanced by DVO Using Excessive Rate; Relief Granted u/s 50C for Dark Zone Land Valuation.

September 22, 2020

Case Laws Income Tax AT

Enhancement of Capital Gain - Initially the value was taken as determined by the Sub-Registrar - Later, on objection raised by asessee, matter was referred to DVO - Application of section 50C, since the land is in Dark Zone - DVO has taken excessive rate without considering the average rate per Bigha which is more than double of prevailing Market rate - In addition to cost of boundary wall as taken by the DVO also considered for cost of acquisition - Relief granted to the assessee - AT

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Enhancement of Capital Gain - Initially the value was taken as ...

Capital Gain Enhanced by DVO Using Excessive Rate; Relief Granted u/s 50C for Dark Zone Land Valuation.

September 22, 2020

Case Laws Income Tax AT

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