TMI BlogCapital gain computation - As such the assessee has claimed higher value than the fair market value as...Capital gain computation - As such the assessee has claimed higher value than the fair market value as per the AO. Thus in our considered view, the AO has no power to substitute the value of capital assets in the given facts and circumstances. Accordingly, the AO cannot substitute the value declared by the assessee as on 1st April 1981. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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