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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Quantification of capital gains arising on transfer of immovable ...


Taxpayer's Capital Gains on Land Sale Should Reflect Jantri Value or Circle Rate, Says Commissioner of Income Tax (Appeals).

December 28, 2018

Case Laws     Income Tax     AT

Quantification of capital gains arising on transfer of immovable property being land - CIT(A) ought to have weighed the jantri value/circle rate vis-ŕ-vis the sale price agreed by the assessee with Melody Complex while granting relief to assessee.

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