https://www.taxtmi.com/caselaws?id=219766 The ITAT dismissed the revenue's appeal, affirming that Section 50C does not apply to transfers involving leasehold rights in land. The tribunal's decision was grounded in established legal precedents and a clear interpretation of the statutory provisions, ensuring that the deeming fiction of Section 50C is confined to its explicit scope. en-us Fri, 08 Jun 2012 00:00:00 +0530 Mon, 17 Dec 2012 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219766 The ITAT dismissed the revenue's appeal, affirming that Section 50C does not apply to transfers involving leasehold rights in land. The tribunal's decision was grounded in established legal precedents and a clear interpretation of the statutory provisions, ensuring that the deeming fiction of Section 50C is confined to its explicit scope. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219766