https://www.taxtmi.com/caselaws?id=32471 HC held that the Tribunal erred in substituting the actual sale consideration recorded and received by the assessee with the DVO value under s.55A for computing capital gains. A combined reading of ss.45(1) and 48 shows capital gains must be computed on the full value of consideration received or accruing on transfer, which is distinct from fair market value under s.55A. There was no evidence of consideration exceeding the agreement, so the question of law is answered for the assessee and against the Revenue. en-us Mon, 19 Jan 2009 00:00:00 +0530 Sat, 08 Nov 2025 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32471 HC held that the Tribunal erred in substituting the actual sale consideration recorded and received by the assessee with the DVO value under s.55A for computing capital gains. A combined reading of ss.45(1) and 48 shows capital gains must be computed on the full value of consideration received or accruing on transfer, which is distinct from fair market value under s.55A. There was no evidence of consideration exceeding the agreement, so the question of law is answered for the assessee and against the Revenue. Case-Laws Income Tax Mon, 19 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32471