Fair Market Value - Judgment Search Results

Rajendra Prasad Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1987)20ITD596(Hyd.)

..... the iac has also worked out the fair market value on the basis of comparable cases and arrived at the fair market value at rs 11 15 000 as the fair market value is far more than 15 per ..... was no material whatsoever which could have prompted the competent authority to believe that the fair market value of the impugned property was higher than the apparent consideration and that the stated consideration .....

Ashwani Kumar Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1987)20ITD643(Delhi)

..... golf links i e rs 84 22 000 is accepted as the correct fair market value of the property the fair market value of the property in question on that basis would be only about rs ..... the learned counsel referred to certain rulings to show what considerations prevail for determining the fair market value of a particular property the learned departmental representative on the other hand contended that the .....

Smt. Kanta Kumari Vs. Competent Authority

Court: Income Tax Appellate Tribunal ITAT Jabalpur

Reported in: (1986)16ITD397Jab

..... order under appeal shows an inspector was deputed to enquire and compute the fair market value the inspector reported the value of the property at rs 31 90 800 which exceeded the apparent ..... show that the learned competent authority deputed the inspector merely to enquire and compute the fair market value neither the learned competent authority thought it proper to direct the inspector to perform his .....

Wealth-tax Officer Vs. S.V. Chettiappa Chettiar

Court: Income Tax Appellate Tribunal ITAT Madras

Reported in: (1986)18ITD252(Mad.)

..... to find a purchaser and intimate the transferor who was bound upon payment of the fair market value fixed in accordance with clause 9 to transfer shares to the purchasing member where the ..... the articles of association should be taken but since there was no evidence that the fair market value had not been fixed the tribunal directed that this matter should be examined and the .....

Commissioner of Income-tax Vs. H.H. Maharaja Sahib Shri Lokendra Singh ...

Court: Madhya Pradesh

Reported in: (1986)51CTR(MP)146; [1986]162ITR93(MP)

..... 49 and 50 a adjusted in relation to written down value or fair market value means diminished by any loss deducted or increased by any ..... ascertained the cost of acquisition to the previous owner means the fair market value on the date on which the capital asset became the ..... january 1 1954 the assessee has the option of substituting the fair market value of the asset as on january 1 1954 in place .....

Kamal Chand Kasliwal Vs. Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (1986)16ITD107(JP.)

..... had failed to disclose fully and truly all the material facts in regard to the fair market value of the above property and thus the wealth chargeable to tax has escaped assessment by ..... disclosed fully and truly all the material facts necessary for making the assessment of the fair market value of the above property the contention of the assessee before the tribunal was that for .....

income-tax Officer Vs. Madura Coats Ltd.

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1986)19ITD384(Mum.)

..... has erred in holding that the assessee is entitled for substitution of fair market value as on 1 1 1964 in respect of shares held by it ..... can exercise the option for the purpose of capital gain tax the fair market value as on 1 1 1964 as the cost of the shares the ..... sub divided shares whether the assessee had any option to adopt the fair market value of shares as on 1 1 1954 as the cost of acquisition .....

Smt. Harnam Kaur Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (1988)24ITD267(Asr.)

..... the act does not provide for initiating of acquisition proceedings for any immovable property the fair market value of which did not exceed rs 25 000 it was further contended that treating each ..... great importance of the location in these three cases for the purposes of determining the fair market value it was contended that when the ca has initiated the acquisition action without having any .....

United States Vs. Mottaz

Court: US Supreme Court

..... 9 respondent originally sought either d amages in a monetary sum equal to the current fair market value of each parcel illegally transferred or rescission of the illegal sale or transfer and the ..... her interests in the allotments rather respondent demands damages in the amount of the current fair market value of her interests what respondent seeks is a declaration that she alone possesses valid title .....

Mrs. Sumitra Bhalla Vs. Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1987)20ITD384(Delhi)

..... a multistoreyed complex known as himalaya house in connaught place new delhi for determining its fair market value for the purposes of wealth tax there was no dispute about the net maintainable ..... be determined for the purpose of wealth tax there are different considerations for determining the fair market value for different purposes this was recognised by the hon ble gujarat high court itself in .....