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2021 (4) TMI 1160 - ITAT DELHICapital gain computation - valuation of property u/s 50C by adopting the value as assessed by the DVO before the Ld.CIT(A) - HELD THAT:- We find that there is no dispute with regard to fact that fair market value determined by the DVO at ₹ 8,89,63,168/- against the actual sale consideration of ₹ 8,78,00,000/- as disclosed in Sale Deed. The resulting difference is ₹ 11,63,168/- which is 1.02%. As relying on MARIA FERNANDES CHERYL VERSUS INCOME TAX OFFICER INTERNATIONAL TAXATION 2 (3) (1) , MUMBAI [2021 (1) TMI 620 - ITAT MUMBAI] we direct the Assessing Officer to delete the addition. Thus, Grounds of appeal raised by the assessee in this appeal are allowed.
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