https://www.taxtmi.com/caselaws?id=417134 In capital gains computation under a joint development arrangement, where the transfer consideration is not ascertainable, sections 45, 48 and 50D of the Income-tax Act support adoption of fair market value or guidance value as the deemed full value of consideration. Section 50C is relevant to stamp duty value for land or building transfers, but the text treats the valuation exercise as fact-dependent and rejects cost of construction as the correct measure. The appellate valuation based on guidance value was described as an appropriate proxy, and the Tribunal's view was characterised as neither perverse nor arbitrary, leaving no basis for interference. en-us Wed, 01 Dec 2021 00:00:00 +0530 Fri, 29 Apr 2022 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417134 In capital gains computation under a joint development arrangement, where the transfer consideration is not ascertainable, sections 45, 48 and 50D of the Income-tax Act support adoption of fair market value or guidance value as the deemed full value of consideration. Section 50C is relevant to stamp duty value for land or building transfers, but the text treats the valuation exercise as fact-dependent and rejects cost of construction as the correct measure. The appellate valuation based on guidance value was described as an appropriate proxy, and the Tribunal's view was characterised as neither perverse nor arbitrary, leaving no basis for interference. Case-Laws Income Tax Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417134