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2022 (10) TMI 545 - ITAT VISAKHAPATNAMComputing the income from LTCG - adoption of market value by the Ld.CIT(A) as against the market value adopted by the SRO at the time of registration - “reverse formula” adopted by the CIT(A) would work out the market value - assessee could not obtain the certificate of market value of the property as on 01.04.1981 as the records of the Sub-Registrar were destroyed for the period prior to 01.01.1989 due to riots - HELD THAT:- As relying on ASHVEN DATLA [2012 (11) TMI 1098 - ANDHRA PRADESH HIGH COURT] CIT(A) has considered the reverse indexation method submitted by the Ld.AR and has rightly directed the AO to adopt the same. Therefore, find no interference in the order of the Ld.CIT(A) and accordingly dismiss the grounds raised by the revenue.
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