Fair market value deemed full consideration when transfer consideration is indeterminate, affecting capital gains computation. When consideration for the transfer of a capital asset cannot be ascertained or determined, the fair market value of the asset on the date of transfer is to be treated as the full value of consideration for purposes of computing income under the head '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 indeterminate, affecting capital gains computation.
When consideration for the transfer of a capital asset cannot be ascertained or determined, the fair market value of the asset on the date of transfer is to be treated as the full value of consideration for purposes of computing income under the head "Capital gains".
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