https://www.taxtmi.com/acts?id=45741 The amendment empowers the Income-tax Officer to treat the full value of consideration for a transferred capital asset as its fair market value where the officer opines the declared consideration is materially lower than market value, and mandates that such substitution occur only with the previous approval of the Inspecting Assistant Commissioner. en-us Mon, 02 Dec 2024 17:36:21 +0530 Mon, 02 Dec 2024 17:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45741 The amendment empowers the Income-tax Officer to treat the full value of consideration for a transferred capital asset as its fair market value where the officer opines the declared consideration is materially lower than market value, and mandates that such substitution occur only with the previous approval of the Inspecting Assistant Commissioner. Act-Rules F. Acts / Amendment Acts Mon, 02 Dec 2024 17:36:21 +0530 https://www.taxtmi.com/acts?id=45741