TMI BlogLTCG on sale of rights in land - AO was not empowered to adopt any valuation in place of actual sales...LTCG on sale of rights in land - AO was not empowered to adopt any valuation in place of actual sales consideration on the basis of his own notions or calculations - invoking the provisions of section 50C and in substituting some other valuation was clearly beyond the provisions of law - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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