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Taxing of capital gain by invoking the provisions of section 50C on the sales of property - the assessee should have rebutted the entire DVO s report before the CIT(A) by evidence and proper material as to how and why the DVO s report cannot be relied upon and the assessee s sale value is actually the fair market value. Here such an exercise has not been done by the assessee - Tri

Income Tax - Taxing of capital gain by invoking the provisions of section 50C on the sales of property - the assessee should have rebutted the entire DVO’s report before the CIT(A) by evidence and pro .....

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