https://www.taxtmi.com/caselaws?id=387495 Guideline value is only a relevant indicator of fair market value and is not conclusive for capital gains computation. Where the assessee relies on a registered valuer's report and the valuation is disputed, the proper course is reference to the DVO; the valuation adopted by the lower authorities was therefore not sustained as the final basis, and the matter was remitted for recomputation. Separately, capital gains could not be denied merely because the property was mortgaged to secure borrowings of group concerns, since the sale proceeds remained attributable to the assessee's property and the charging provision applied to the full consideration realised, subject to admissible deductions. en-us Fri, 06 Sep 2019 00:00:00 +0530 Wed, 23 Oct 2019 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387495 Guideline value is only a relevant indicator of fair market value and is not conclusive for capital gains computation. Where the assessee relies on a registered valuer's report and the valuation is disputed, the proper course is reference to the DVO; the valuation adopted by the lower authorities was therefore not sustained as the final basis, and the matter was remitted for recomputation. Separately, capital gains could not be denied merely because the property was mortgaged to secure borrowings of group concerns, since the sale proceeds remained attributable to the assessee's property and the charging provision applied to the full consideration realised, subject to admissible deductions. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387495