Revenue Authorities Err in Capital Gain Calculation: Used Deemed Cost Instead of Actual Cost per Section 48 of Income Tax Act.

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....Capital gains computation - lower revenue authorities have erred in computing the capital gain in the instant case on the basis of deemed cost of consideration u/s 50C whereas AO was statutorily required to compute the capital gain as per provisions contained u/s 48 of the Act on the basis of actual cost of consideration received by the assessee. - AT....