Computation of capital gain - determination of full value of ...

High Court upholds Tribunal's use of guidance value for capital gains u/ss 50C and 50D, no legal question raised.

January 17, 2022

Case Laws Income Tax HC

Computation of capital gain - determination of full value of consideration - section 50C/50D applicability - Having regard to the facts and circumstances of the case, the Tribunal having exercised its discretionary power adopted the guidance value of the land as the mode for determination of full value of consideration, the same being not perverse or arbitrary, we are not inclined to interfere with the impugned order - no substantial question of law arises for our consideration. - HC

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Computation of capital gain - determination of full value of ...

High Court upholds Tribunal's use of guidance value for capital gains u/ss 50C and 50D, no legal question raised.

January 17, 2022

Case Laws Income Tax HC

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