Full value of consideration used in section 48 does not have reference to market value

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Reference to DVO for determination of market value for the purpose of computation of capital gains under section 48 would be wholly redundant since main thrust of section 48 is the full value of consideration received or accruing as a result of transfer of capital asset and not the fair market value thereof.

May 28, 2017 at 10:23AM

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from editor2

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