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2011 (3) TMI 969 - AT - Income TaxCapital gains – Adoption of the value of the property sold as per DVO report in place of value adopted by Stamp Valuation Authority – Held that:- In view of the provisions of sub-section (2) of section 50C, if fair market value as assessed by the DVO is lower than the value adopted by Stamp Duty Authorities for collecting stamp duty then the value so adopted by DVO has to be adopted by the Assessing Officer for the purpose of computation of LTCG. Appeal of the revenue is dismissed.
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