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2012 (9) TMI 936 - AT - Income TaxComputation of capital gain - Held that:- The stamp duty rate for a big and small plot is not different. Hence, in our considered opinion, the adjustment made by Ld. CIT(A) by reducing land area to the extent of 35% is not justified. We reverse the same.. The entire share of the assessee in the fair market value of the land to the extent of 18.10% should be considered for working out the capital gain of the assessee and as and when the assessee receives any amount out of the dispute amount of ₹ 1,78,16,427/-, in that event, such actual receipt should be brought to tax in its totality without any reduction on account of indexed cost of acquisition but in the present year, the cost of acquisition cannot be reduced. We hold accordingly.
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