https://www.taxtmi.com/caselaws?id=222144 Section 50C is a deeming provision confined to transfers of land, building or both, and it cannot be extended by analogy to cover tenancy rights. Because tenancy rights are distinct from land or building, their transfer falls outside the statutory ambit of section 50C. The Revenue's challenge therefore fails on this issue. en-us Fri, 15 Feb 2013 00:00:00 +0530 Tue, 16 Apr 2013 17:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222144 Section 50C is a deeming provision confined to transfers of land, building or both, and it cannot be extended by analogy to cover tenancy rights. Because tenancy rights are distinct from land or building, their transfer falls outside the statutory ambit of section 50C. The Revenue's challenge therefore fails on this issue. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222144