The house was purchased by a partnership firm in 1992 for rs 250000. Later in 2007 the firm was dissolved and one partner takes the house. In 2010 the partner died and their legal heirs has sold the property for rs. 15 lacs due to old building and the house was also not in good condition due to closed for so many years.
Whether their is any way to save tax since the fair value of house is very low and its impossible to sold it in gmv value which are for current constructed buildings.