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please give the exploitation about this order

please give the exploitation about this order

please give the exploitation about this order

0
Kanishka Dec. 07, 2019

Hello,



According to this case, you should take the -

1. fair market value of AGRICULTURAL land as on 1.4.2001.
2. and then do indexation.


The tribunal has clearly held that in cases where agricultural land is converted into non-agricultural land -

1. we should take the fair market value of agricultural land to calculate Indexed cost of acquisition and
2. then find the capital gains.

please give the exploitation about this order

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