https://www.taxtmi.com/caselaws?id=211050 The Tribunal upheld the Commissioner (Appeals)' decision, ruling that Section 50C does not apply to the transfer of leasehold rights in a building. The Tribunal also directed the calculation of capital gains based on actual cost, not stamp valuation. As the assessee's investment under Section 54F exceeded the consideration for surrendering tenancy rights, no taxable capital gain was found. The appeal and cross objection were dismissed, affirming the relief granted by the Commissioner (Appeals). en-us Wed, 29 Feb 2012 00:00:00 +0530 Thu, 23 May 2013 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211050 The Tribunal upheld the Commissioner (Appeals)' decision, ruling that Section 50C does not apply to the transfer of leasehold rights in a building. The Tribunal also directed the calculation of capital gains based on actual cost, not stamp valuation. As the assessee's investment under Section 54F exceeded the consideration for surrendering tenancy rights, no taxable capital gain was found. The appeal and cross objection were dismissed, affirming the relief granted by the Commissioner (Appeals). Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211050