Capital gain computation - Fair Market Value as on 01.04.1981 ...

Case Laws Income Tax

January 25, 2024

Capital gain computation - Fair Market Value as on 01.04.1981 u/s 55(2)(b)(i) - the fair market value of the impugned immovable property should be adopted at Rs. 1,20,000/- as on 01.04.1981 instead of Rs. 50,000/- in aggregate, which is backed by a corroborative document, as valued by the government approved valuer in absence of any valuation by DVO which should have been proposed by the AO, and also the value of watchman room shall be added at Rs. 45,000/- as declared by the assessee in registered sale deed.- AT

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Capital gain computation - Fair Market Value as on 01.04.1981 ...

Case Laws Income Tax

January 25, 2024

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