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2020 (3) TMI 446 - AT - Income TaxLong-term capital gain on sale of land - accepting valuation report of DVO who is not qualified Valuer of agricultural land and not accepting the valuation report of Government Approved Valuer, who is qualified Valuer for agricultural land - HELD THAT:- AO is directed to re worked out index cost of acquisition by taken FMV at ₹ 210 per sq. meter and re-compute taxable long-term capital gain , accordingly, That Ground No. 1 and 2 are partly allowed. See Smt. Hemaben Bharatbhai Desai [2019 (2) TMI 1810 - ITAT SURAT] Addition on account of difference in Jantri Value by applying the provisions of section 50C - HELD THAT:- As difference between the valuation as per stamp duty and the sale consideration issue by the assessee is less than 10% and in such circumstances no addition can be made.
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