Actual Sale Consideration to be taken as Basis for Computing Long-Term Capital Gain: ITAT [Read Order]

Actual Sale - Sale - Actual Sale Consideration - Consideration -ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the actual sale consideration should be taken as the basis for computing the long-term capital gain and upheld the assessee’s long-term capital gain calculation of Rs. 1,28,15,633/-. The case involves multiple appellants, including S.S. Ahluwalia, Shri Ram Kishan & Others, Satya Pal,…

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