Bench: Shri Sonjoy Sarma & Shri Rakesh Mishraassessment Year: 2014-15
gains as per his requirement. In the original computation of income, the assessee adopted the FMV at Rs.6,42,700/- against the value mentioned in the sale deed at Rs.27,00,000/-. Once the provisions of sec. 50C were adopted, the assessee immediately enhanced the FMV placing a valuation report to suit his requirement. In view of the above