https://www.taxtmi.com/caselaws?id=347879 The ITAT Jaipur ruled in favor of the assessee in a case concerning the determination of fair market value for capital gains calculation on a property sale. The tribunal emphasized the importance of consistency in valuation, citing the acceptance of a higher FMV in assessments of the assessee's brothers and the principle of equal treatment among co-owners. The ITAT overturned the previous decision, directing the deletion of additional capital gains based on the revised FMV of &8377; 200 per sq. ft, in line with the valuation accepted for the assessee's brothers. en-us Tue, 25 Jul 2017 00:00:00 +0530 Wed, 13 Sep 2017 08:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347879 The ITAT Jaipur ruled in favor of the assessee in a case concerning the determination of fair market value for capital gains calculation on a property sale. The tribunal emphasized the importance of consistency in valuation, citing the acceptance of a higher FMV in assessments of the assessee's brothers and the principle of equal treatment among co-owners. The ITAT overturned the previous decision, directing the deletion of additional capital gains based on the revised FMV of &8377; 200 per sq. ft, in line with the valuation accepted for the assessee's brothers. Case-Laws Income Tax Tue, 25 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347879