Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

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

September 13, 2019[2019] 109 165 (Ahmedabad - Trib.)

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
Best view in 1140 x 768