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2018 (10) TMI 740 - AT - Income TaxComputation of Capital Gains - sale of property - stamp valuation u/s 50C - relevant date for determination of market value of property - Held that:- There is proof that the assessee has entered into agreement on 09/07/2005 and the documents submitted are found to be genuine. Therefore, in our view, the fair market value for the purpose of section 50C should be the value as existed on the date of agreement of sale. - Decided in favor of assessee.
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