Section 50C of Income Tax Act not applicable to leasehold rights transfer; circle rate irrelevant for industrial plot. https://www.taxtmi.com/highlights?id=13903 Application of section 50C of the Act to the transfer of leasehold rights in the industrial plot - Addition made by the AO on the basis of circle rate gathered from Sub-Registrar office of Rampur showing circle rate of properties cannot be applied as there was no application of section 50C in the case - AT en-us Wed, 14 Aug 2013 20:09:25 +0530 Wed, 14 Aug 2013 20:09:25 +0530 TaxTMI RSS Generator Section 50C of Income Tax Act not applicable to leasehold rights transfer; circle rate irrelevant for industrial plot. https://www.taxtmi.com/highlights?id=13903 Application of section 50C of the Act to the transfer of leasehold rights in the industrial plot - Addition made by the AO on the basis of circle rate gathered from Sub-Registrar office of Rampur showing circle rate of properties cannot be applied as there was no application of section 50C in the case - AT Highlights Income Tax Wed, 14 Aug 2013 20:09:25 +0530 https://www.taxtmi.com/highlights?id=13903