SH. PRAVEEN KUMAR MALHOTRA,DELHI vs. PR. CIT- 16, NEW DELHI

In the result appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishiasstt. Year: 2012-13

section or the Act provides that such full value of consideration receipt can be substituted except for deeming provision provided u/s 50C, 50CA and 50D. As held above, 50CA is not applicable the assessment year 2012-13 and therefore, we hold that Ld. PCIT could not under the law have tinkered with the amount of full value of consideration received

SMT. NEELAM MALHOTRA,DELHI vs. PR. CIT- 16, NEW DELHI

In the result appeal of the assessee is allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishiasstt. Year: 2012-13

section or the Act provides that such full value of consideration receipt can be substituted except for deeming provision provided u/s 50C, 50CA and 50D. As held above, 50CA is not applicable the assessment year 2012-13 and therefore, we hold that Ld. PCIT could not under the law have tinkered with the amount of full value of consideration received

AJAY GULIYA

50D and contended that having regard to the complexities of modern day transactions in capital assets, the rules have to be restated. In the extract reproduced above it has been clarified by the Supreme Court that Section 45 charges the profits or gains

PRINCIPAL COMMISSIONER OF INCOME TAX-16 vs. SH. PRAVEEN KUMAR MALHOTRA

In the result appeal of the assessee is allowed

Bench: HON'BLE MR. JUSTICE YASHWANT VARMA,HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV

section or the Act provides that such full value of consideration receipt can be substituted except for deeming provision provided u/s 50C, 50CA and 50D. As held above, 50CA is not applicable the assessment year 2012-13 and therefore, we hold that Ld. PCIT could not under the law have tinkered with the amount of full value of consideration received

DEPUTY COMMISSIONER, CIRCLE-49(1), DELHI vs. BHARAT KALIA, DELHI

In the result, appeal of the appellant is allowed

Capital Gain (LTCG) by the AO (Assessment Unit). M/s Lifelong Online Retail Pvt. Ltd. got two valuation reports prepared from a registered valuer and Chartered Accountant for arriving at Fair Market Value (FMV) of its equity shares. Valuation report dated 24.12.2021 was based on Discounted Cash Flow (DCF) Method and it arrived at FMV of the equity shares