27 February 2009
In one case the aso refered to vo for valuation of land as on 1981 under sec 50c. actually the property is inherited and pruchased by the ass father in 1968 . Can the aso send the same to vo for purchase price of the property under this sec50c? the vo has taken comparative sale instances of 1981 but the ass had gone by the basis of municipal jantri as in 1981 which is much higher then tehe comperative sales instances. THIS HAS BROUGHT THE LTC FROM LOSS TO PROFIT AND HUGE DEMAND.
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