1981 (7) TMI 87

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....y valued by the Asst. Valuation Officer who fixed the market value at Rs. 54,000. The ITO adopted the said amount as the market value of the property sold and computed the capital gains. In appeal, the AAC upheld the order of the ITO. 2. The ld. counsel for the assessee submitted that in view of the decision of the Karnataka High Court in Sanjeev vs. Kudva (1981)20 CTR (Kar) 1 : (1981) 127 ITR ....