Capital Gain - addition u/s 50C - third proviso to Section 50C ...

Case Laws Income Tax

August 28, 2019

Capital Gain - addition u/s 50C - third proviso to Section 50C inserted w.e.f 1-4-2019 - benefit of variation of 5% - even when the statute does not specifically state so the insertion of third proviso to Section 50C is declaratory and curative in nature, can only be treated as retrospective and effective from the date related statutory provisions was introduced i.e. from 1st April 2003 - retrospective

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Capital Gain - addition u/s 50C - third proviso to Section 50C ...

Case Laws Income Tax

August 28, 2019

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