High Court Rules Section 50C of Income Tax Act Applies Only to Capital Assets, Not Leasehold Rights in Land.

High Court Rules Section 50C of Income Tax Act Applies Only to Capital Assets, Not Leasehold Rights in Land. https://www.taxtmi.com/highlights?id=17401 Application of circle rate on lease hold rights – Section 50C applies only to a capital asset, being land or building or both, it cannot be made applicable to lease rights in a land - HC en-us Sun, 23 Feb 2014 18:17:00 +0530 Sun, 23 Feb 2014 18:17:00 +0530 TaxTMI RSS Generator High Court Rules Section 50C of Income Tax Act Applies Only to Capital Assets, Not Leasehold Rights in Land. https://www.taxtmi.com/highlights?id=17401 Application of circle rate on lease hold rights – Section 50C applies only to a capital asset, being land or building or both, it cannot be made applicable to lease rights in a land - HC Highlights Income Tax Sun, 23 Feb 2014 18:17:00 +0530 https://www.taxtmi.com/highlights?id=17401