https://www.taxtmi.com/caselaws?id=176439 Section 50C does not extend to transfer of tenancy rights, because its deeming fiction is confined to land or building, or both. Capital gains must therefore be computed on the actual consideration received or accruing unless there is material showing understatement, and an unregistered assignment or absence of stamp duty does not by itself justify substitution of market value. The declared sale consideration for tenancy rights was correctly adopted. en-us Fri, 03 Feb 2012 00:00:00 +0530 Mon, 14 Aug 2017 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176439 Section 50C does not extend to transfer of tenancy rights, because its deeming fiction is confined to land or building, or both. Capital gains must therefore be computed on the actual consideration received or accruing unless there is material showing understatement, and an unregistered assignment or absence of stamp duty does not by itself justify substitution of market value. The declared sale consideration for tenancy rights was correctly adopted. Case-Laws Income Tax Fri, 03 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176439