8 results for “capital gains”+ Section 50C(3)clear
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Bench: RAVI MALIMATH,ASHOK S.KINAGI
3. The assessing officer completed the assessment by computing the long term capital gains, quantifying the sale consideration as the cost of construction of 26% of constructed area and allotted to the assessee as per the JDA dated 11.5.2009 treating the cost of construction as the full value of consideration. Being aggrieved, the assessee preferred an appeal before the Commissioner