https://www.taxtmi.com/caselaws?id=5042 For capital gains computation under Section 12B(2), "full value of the consideration" is the price actually received for the transfer, not the market value of the asset. Market value can be substituted only where the proviso applies, namely in the specified connected-transfer and tax-avoidance conditions. On the facts, the Tribunal's record did not clearly show whether the assessee received the stated market price or only the book value in the transfer document, so a fresh factual finding was necessary. The matter was therefore remitted for clear determination of the actual consideration received before final disposal. en-us Wed, 26 Apr 1967 00:00:00 +0530 Tue, 18 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5042 For capital gains computation under Section 12B(2), "full value of the consideration" is the price actually received for the transfer, not the market value of the asset. Market value can be substituted only where the proviso applies, namely in the specified connected-transfer and tax-avoidance conditions. On the facts, the Tribunal's record did not clearly show whether the assessee received the stated market price or only the book value in the transfer document, so a fresh factual finding was necessary. The matter was therefore remitted for clear determination of the actual consideration received before final disposal. Case-Laws Income Tax Wed, 26 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5042