TRINCAS VINIMAY (P) LTD.,KOLKATA vs. I.T.O.,WARD-4(1), KOLKATA
In the result, the appeal of the assessee is allowed
ITA 316/KOL/2020[2013-14]Status: DisposedITAT Kolkata18 Dec 2020AY 2013-14
Bench: Shri P.M. Jagtap, Vice- & Shri A.T. Varkey
Section 50D
section 50D);
Extract from the Memorandum explaining the provision (s_ 50D) in the Finance Bill, 2012:
"FAIR MARKET VALUE TO BE FULL VALUE OF CONSlDERATION IN CERTAIN CASES
Capital gains