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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

LTCG - reference to the DVO for determining the fair market ...

Income Tax

June 8, 2018

LTCG - reference to the DVO for determining the fair market value of the asset - Assessing Officer has no power to make a reference if the value shown by assessee is not less than fair market value

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  1. LTCG - addition after invoking section 50C - AO directed to adopt fair market price of the relevant capital asset to be average of assessee’s and DVO’s valuation‘s issue

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