TMI BlogReopening of assessment - capital gain on sale of property - the revised valuation as so determined in...Reopening of assessment - capital gain on sale of property - the revised valuation as so determined in respect of both the properties works out to less than 10% of the actual sale consideration as declared by the assessee and considering the fact that valuation is always a matter of estimation where some degree of difference is bound to occur which even the legislature has lately recognized and has introduced the tolerance limit of 10% which have consistently been held by various Benches as cura..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
