https://www.taxtmi.com/caselaws?id=253078 The Tribunal dismissed the Revenue's appeal, affirming that Section 50C does not apply to charitable societies registered under Section 12A when the net consideration is reinvested in another capital asset as per Section 11(1A). The order of the CIT(A) was upheld, emphasizing that the specific provisions for charitable trusts under Section 11(1A) prevail over the general provisions of Section 50C in computing capital gains. en-us Wed, 05 Nov 2014 00:00:00 +0530 Fri, 14 Nov 2014 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253078 The Tribunal dismissed the Revenue's appeal, affirming that Section 50C does not apply to charitable societies registered under Section 12A when the net consideration is reinvested in another capital asset as per Section 11(1A). The order of the CIT(A) was upheld, emphasizing that the specific provisions for charitable trusts under Section 11(1A) prevail over the general provisions of Section 50C in computing capital gains. Case-Laws Income Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253078