Application of section 50C of the Act to the transfer of ...

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

August 14, 2013

Case Laws Income Tax AT

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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Application of section 50C of the Act to the transfer of ...

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

August 14, 2013

Case Laws Income Tax AT

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