https://www.taxtmi.com/caselaws?id=385571 Capital gains under section 50C could not be computed on the existing stamp duty value without fresh enquiry where a DVO valuation in connected proceedings indicated a lower figure and an earlier agreement to sell had created enforceable rights amounting to an encumbrance. Because these factors could affect the fair market value and deemed full value of consideration, the Assessing Officer was required to re-determine the valuation for the transfer after considering both the DVO report and the impact of the prior sale agreement. en-us Mon, 29 Jul 2019 00:00:00 +0530 Mon, 09 Sep 2019 08:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385571 Capital gains under section 50C could not be computed on the existing stamp duty value without fresh enquiry where a DVO valuation in connected proceedings indicated a lower figure and an earlier agreement to sell had created enforceable rights amounting to an encumbrance. Because these factors could affect the fair market value and deemed full value of consideration, the Assessing Officer was required to re-determine the valuation for the transfer after considering both the DVO report and the impact of the prior sale agreement. Case-Laws Income Tax Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385571