https://www.taxtmi.com/caselaws?id=258842 The Tribunal upheld the CIT(A)'s decision that the assessee held rights over the property to the extent of 60% and that the provisions of Section 50C were not applicable. The capital gains were to be computed based on the assessee's share of the sale consideration of Rs. 25 lakhs. Both the assessee's and the Revenue's appeals were dismissed. en-us Wed, 24 Dec 2014 00:00:00 +0530 Tue, 21 Apr 2015 19:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258842 The Tribunal upheld the CIT(A)'s decision that the assessee held rights over the property to the extent of 60% and that the provisions of Section 50C were not applicable. The capital gains were to be computed based on the assessee's share of the sale consideration of Rs. 25 lakhs. Both the assessee's and the Revenue's appeals were dismissed. Case-Laws Income Tax Wed, 24 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258842