https://www.taxtmi.com/caselaws?id=269085 The ITAT upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 65,05,000 under section 69B of the IT Act, dismissing the Revenue's appeal. It was clarified that Section 50C does not apply to property buyers, emphasizing the distinction between buyers and sellers in determining capital gains in property transactions. en-us Fri, 09 Oct 2015 00:00:00 +0530 Tue, 08 Dec 2015 10:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269085 The ITAT upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 65,05,000 under section 69B of the IT Act, dismissing the Revenue's appeal. It was clarified that Section 50C does not apply to property buyers, emphasizing the distinction between buyers and sellers in determining capital gains in property transactions. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269085