Taxpayer's Capital Gains on Land Sale Should Reflect Jantri Value or Circle Rate, Says Commissioner of Income Tax (Appeals).
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....Quantification of capital gains arising on transfer of immovable property being land - CIT(A) ought to have weighed the jantri value/circle rate vis-à-vis the sale price agreed by the assessee with Melody Complex while granting relief to assessee.....


TaxTMI
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