TMI BlogLTCG - cost of acquisition of shares - Since the assessee has not submitted Balance Sheet as on 1st...LTCG - cost of acquisition of shares - Since the assessee has not submitted Balance Sheet as on 1st April 1981 of the company M/s. Somani & Co. Pvt. Ltd., in our considered view, the assessee intend to adopt ₹ 3,883, on 1st April 1981, and at the same time, the assessee cannot claim the value for the assessment year 2003–04 at ₹ 1,250. Therefore, in our considered view, the best possible option available to the assessee is only to adopt the value of fair market value in assessment ye..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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