Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Addition on account of credit card payment - Since the assessee has himself capitalized these amounts by transferring the same to his capital account without crediting the same in the profit and loss account, additions were rightly made.
Addition on account of credit card payment - Since the assessee has himself capitalized these amounts by transferring the same to his capital account without crediting the same in the profit and loss account, additions were rightly made.
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