Long-term capital gain - cost of acquisition - capital gain ...
Tax Case: AO to Reassess Long-Term Capital Gains Using Taxpayer's Computation, Not DVO's Stamp Duty Valuation (Section 50C.
January 24, 2023
Case Laws Income Tax AT
Long-term capital gain - cost of acquisition - capital gain worked out by the DVO - They have calculated the long-term capital gain simply by taking into consideration the stamp duty valuation by applying section 50C ignoring all other provisions. - AO directed to calculate the capital gain assessable in the hands of the assessee on the basis of computation made by the assessee - AT
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