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[Cites 0, Cited by 0] [Section 11UB] [Entire Act]

Union of India - Subsection

Section 11UB(5) in Income Tax Rules, 1962

(5)The fair market value of the asset other than those referred to in sub-rules (2), (3) and (4) shall be the price it would fetch if sold in the open market on the specified date as determined by a merchant banker or an accountant as increased by the liability, if any, considered in such determination.