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Income Tax - Highlights / Catch Notes

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Capital gain computation - adoption of fair market value as on ...


Fair Market Value for Capital Gains Must Be Assessed by DVO, Not AO or CIT(A), Says Court.

May 17, 2019

Case Laws     Income Tax     AT

Capital gain computation - adoption of fair market value as on 01.04.1981 - FMV is to be determined by the DVO instead of determining the value by the AO/CIT(A) without taking the technical expert’s opinion - remanded to AO to get the valuation report from the DVO and decide the issue afresh

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