https://www.taxtmi.com/highlights?id=54870 Enhancement of Capital Gain - Initially the value was taken as determined by the Sub-Registrar - Later, on objection raised by asessee, matter was referred to DVO - Application of section 50C, since the land is in Dark Zone - DVO has taken excessive rate without considering the average rate per Bigha which is more than double of prevailing Market rate - In addition to cost of boundary wall as taken by the DVO also considered for cost of acquisition - Relief granted to the assessee - AT en-us Tue, 22 Sep 2020 09:37:14 +0530 Tue, 22 Sep 2020 09:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54870 Enhancement of Capital Gain - Initially the value was taken as determined by the Sub-Registrar - Later, on objection raised by asessee, matter was referred to DVO - Application of section 50C, since the land is in Dark Zone - DVO has taken excessive rate without considering the average rate per Bigha which is more than double of prevailing Market rate - In addition to cost of boundary wall as taken by the DVO also considered for cost of acquisition - Relief granted to the assessee - AT Highlights Income Tax Tue, 22 Sep 2020 09:37:14 +0530 https://www.taxtmi.com/highlights?id=54870