Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Fair market value deemed full consideration when transfer consideration is unascertainable, guiding capital gains computation. Where consideration from transfer of a capital asset is not ascertainable, the fair market value of the asset on the date of transfer shall be deemed to be the full value of consideration for computing income chargeable as capital gains.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fair market value deemed full consideration when transfer consideration is unascertainable, guiding capital gains computation.
Where consideration from transfer of a capital asset is not ascertainable, the fair market value of the asset on the date of transfer shall be deemed to be the full value of consideration for computing income chargeable as capital gains.
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