A.O to Refer Valuation of Property as on 01/04/1981

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A.O to Refer Valuation of Property as on 01/04/1981Finance Bill 2012-13 has brought another new provision to check evasion of capital gains . Under section 55 of the Income Tax Act , in a case where the capital asset became the property of the assessee before 1st April, 1981, the assessee has the option of…