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FMV of immovable property can't be rejected due to non-recording of difference in books of accounts

September 13, 2019[2019] 109 taxmann.com 165 (Ahmedabad - Trib.)
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INCOME TAX: Second limb of Explanation (a) to section 56(2)(viib) itself provides for determination of Fair Market Value (FMV) based on value of underlying assets, therefore, value once substantiated would be replaced with book value for purposes of FMV regardless of book entries in this regard

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