https://www.taxtmi.com/caselaws?id=373679 The Tribunal ruled in favor of the appellant, holding that when the variance between the declared fair market value (FMV) and the Departmental Valuation Officer's (DVO) valuation is less than 10%, the FMV disclosed by the assessee should be considered the true value for computing capital gains. Consequently, the addition of Rs. 2,55,000 for computing capital gains was deemed unwarranted, and the Tribunal allowed the appellant's appeal, deleting the said addition. en-us Tue, 15 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373679 The Tribunal ruled in favor of the appellant, holding that when the variance between the declared fair market value (FMV) and the Departmental Valuation Officer's (DVO) valuation is less than 10%, the FMV disclosed by the assessee should be considered the true value for computing capital gains. Consequently, the addition of Rs. 2,55,000 for computing capital gains was deemed unwarranted, and the Tribunal allowed the appellant's appeal, deleting the said addition. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373679