https://www.taxtmi.com/caselaws?id=234603 The Tribunal held that section 50C of the Income Tax Act did not apply to the transfer of lease hold property. It was established that the valuation of the property was correctly determined by the Ld.CIT(A), and there was no undervaluation in the transaction. Consequently, the appeal by the Revenue was dismissed, and the order of the lower authority was upheld on June 7, 2013. en-us Fri, 07 Jun 2013 00:00:00 +0530 Fri, 14 Jun 2013 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234603 The Tribunal held that section 50C of the Income Tax Act did not apply to the transfer of lease hold property. It was established that the valuation of the property was correctly determined by the Ld.CIT(A), and there was no undervaluation in the transaction. Consequently, the appeal by the Revenue was dismissed, and the order of the lower authority was upheld on June 7, 2013. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234603