Laws / Income Tax Law / 2(30)
2(30) - fair market value
2(30) "fair market value" means, in relation to capital asset 1or a business or undertaking-
(a) the price which such asset 1or a business or undertaking would ordinarily fetch on sale in the open market on the relevant day, and, where such price is not ascertainable, the price which the Deputy Commission...
Premium content
You are viewing a preview. Upgrade your subscription to read the full article.
View plans