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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Capital gain computation - cost of acquisition - assessee was ...


Assessing Officer's Decision on Capital Gains Disregards Valuer's Report Without Discussion, Deemed Unjustified.

July 16, 2019

Case Laws     Income Tax     HC

Capital gain computation - cost of acquisition - assessee was not confronted by the AO before estimating the cost of acquisition of land as on 01.04.1981 without any basis - keeping aside rather ignoring the report of the registered valuer without any discussion is unjustified

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