Deemed cost of acquisition set as fair market value for assets under specified transfer clause, altering capital gains computation. Where capital gain arises from transfer of a capital asset referred to in clause (via) of section 28, the cost of acquisition of such asset shall be deemed to be the fair market value which has been taken into account for the purposes of that clause.
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Provisions expressly mentioned in the judgment/order text.
Deemed cost of acquisition set as fair market value for assets under specified transfer clause, altering capital gains computation.
Where capital gain arises from transfer of a capital asset referred to in clause (via) of section 28, the cost of acquisition of such asset shall be deemed to be the fair market value which has been taken into account for the purposes of that clause.
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