Home / 
Court Finds No Evidence of Understated Consideration in Related Party Transaction; Fair Market Value Undetermined by AO.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Computation of capital gain - transaction with a related party - The amount actually received was admittedly the amount mentioned in the sale agreement - AO did not find the consideration to have been understated. He, therefore, was not entitled to determine the fair market value - HC....
TaxTMI
TaxTMI