Tribunal Recommends Using Wealth Tax Assessment Valuation for Consistent Long-Term Capital Gains Fair Market Value as of April 1, 1981.

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....LTCG - fair market value as on 1.4.1981 - The reasonable approach would have been to adopt the valuation in the Wealth Tax Assessment, since the Tribunal holds that the assessee could not have been taken two different values i.e., one valuation is under the Wealth Tax Assessment and another is under Income Tax Act.....