Question 8:Show the relevant computations in the hands of Mr. X and Mr. Y from the following information: a X (HUF) is partitioned on 1/4/2001 and Land is distributed to one of the members Mr. X. The FMV of such Land on 1/4/2001 is 3,40,000. b. Mr. X constructs a building on the said Land for * 3,20,000 in 2004-05 c. Both Land and building has been transferred to Mr. Y on 2.01.2019 for * 14.5 lakhs. Value adopted by stamp valuation authority * 50 lakhs. Value ascertained by Valuation Ollicer on Question 8:Show the relevant computations in the hands of Mr. X and Mr. Y from the following information: a X (HUF) is partitioned on 1/4/2001 and Land is distributed to one of the members Mr. X. The FMV of such Land on 1/4/2001 is 3,40,000. b. Mr. X constructs a building on the said Land for * 3,20,000 in 2004-05 c. Both Land and building has been transferred to Mr. Y on 2.01.2019 for * 14.5 lakhs. Value adopted by stamp valuation authority * 50 lakhs. Value ascertained by Valuation Ollicer on