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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Computation of capital gain Sale of land - Valuation - AO has ...


Capital Gain Dispute Over Land Sale: Officer's Use of Comparables Ignored Strategic Location Value Advantage.

April 2, 2013

Case Laws     Income Tax     AT

Computation of capital gain Sale of land - Valuation - AO has blindly placed reliance on the comparable cases collected from the Sub Registrar, without factoring in the price advantage commanded by the impugned property due to its strategic location. - AT

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