Section 50C of Income Tax Act not applicable to leasehold rights transfer; circle rate irrelevant for industrial plot.

Application of section 50C of the Act to the transfer of leasehold rights in the industrial plot - Addition made by the AO on the basis of circle rate gathered from Sub-Registrar office of Rampur showing circle rate of properties cannot be applied as there was no application of section 50C in the case - AT .....

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