Fair Market Value Can't Rely on Understated Sale Deed Prices for April 1, 1981, in Tax Context.

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....Fair Market Value - Capital Gains - FMV represents the price that a seller is willing to accept and a buyer is willing to pay in the open market - the sale consideration of an asset, as recorded in the registered sale deed is generally understated and, hence, cannot be taken as FMV as on 1.4.1981 - AT....