AO couldn't determine cost of construction on estimate basis if assessee duly submitted valuation reports

IT: Where assessee sold land and claimed cost of acquisition on basis of FMV of land as on 1-4-1981, Assessing Officer was justified in adopting cost of acquisition on basis of Gazette Notification of 1999, giving value of properties in vicinity of area, where assessee's property was situated

from www.taxmann.com Latest Case Laws https://ift.tt/2MYBs7G