Taxpayer's Declared Property Value Accepted: No Section 55A Reference Allowed for Lower Valuation by DVO.

Taxpayer's Declared Property Value Accepted: No Section 55A Reference Allowed for Lower Valuation by DVO. https://www.taxtmi.com/highlights?id=48775 Computation of long term capital gains - reference to DVO - FMV declared by assessee as on 01.04.1981 - no reference can be made u/s 55A in order to value the cost of acquisition of property as on 01.04.1981 at a figure lesser than the value declared by the assessee - directed to accept FMV declared by assessee en-us Tue, 20 Aug 2019 20:40:33 +0530 Tue, 20 Aug 2019 20:40:33 +0530 TaxTMI RSS Generator Taxpayer's Declared Property Value Accepted: No Section 55A Reference Allowed for Lower Valuation by DVO. https://www.taxtmi.com/highlights?id=48775 Computation of long term capital gains - reference to DVO - FMV declared by assessee as on 01.04.1981 - no reference can be made u/s 55A in order to value the cost of acquisition of property as on 01.04.1981 at a figure lesser than the value declared by the assessee - directed to accept FMV declared by assessee Highlights Income Tax Tue, 20 Aug 2019 20:40:33 +0530 https://www.taxtmi.com/highlights?id=48775