50c capital gain

CA Hardik Bunha (self) (2121 Points)

28 January 2014  

property purchased in 2001 rs. 915000

property sold in 2007 rs 25,00,000/-
(as per sale deed rs. 25,00,000/- but actual sale for rs. 3,20,00,000/-)

case is in scrutiny,
 A.O. told us paid tax on 3,20,00,000/- less indexed cost of rs. 915000/-

what is the remedy available to save tax?