Fair market value as on 01.04.1981
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2013
Dear experts, The AO is not accepting the valuation report of the property as FMV as on
01.04.1981, by the registered valuer, and wants to adopt his imaginative value while completing the asst. U/s 143(3), what is the remedy?
pl clarify with the latest decisions in favor of assessee
01.04.1981, by the registered valuer, and wants to adopt his imaginative value while completing the asst. U/s 143(3), what is the remedy?
pl clarify with the latest decisions in favor of assessee
08 March 2013
FMV is not guideline value or circle rate . It is a value the property would fetch if sold in open market.
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