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Kayvanbhai Surendrabhai Huttheesing [Kayvanbhai Surendrabhai Sheth] Versus ITO, Ward-5 (2) (3) Ahmedabad

Calculation of capital gain - adoption of cost of asset - Net sale consideration - Held that - A perusal of computation of income made by the ld.AO on page no.8 of the assessment order would indicate that the ld.AO took net sale consideration falling to the share of assessee at ₹ 59,14,747/-. The indexed cost of acquisition in the hands of assessee was computed at ₹ 29,42,376/-. Thus, net LTCG worked out in the hands of assessee is of ₹ 29,72,370/- i.e. (Rs.59,14,747 minus S....... + More



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