https://www.taxtmi.com/caselaws?id=271073 The Appellate Tribunal ITAT Mumbai allowed the appeal of the assessee, directing the Assessing Officer to tax the capital gains based on the actual sale consideration of the property, as section 50C was deemed inapplicable to the transfer of leasehold rights. The Tribunal's decision on 30.11.2015 clarified that the valuation by the Stamp Duty Authorities did not apply, and the capital gains were to be calculated based on the sale value offered by the assessee. en-us Mon, 30 Nov 2015 00:00:00 +0530 Mon, 25 Jan 2016 09:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271073 The Appellate Tribunal ITAT Mumbai allowed the appeal of the assessee, directing the Assessing Officer to tax the capital gains based on the actual sale consideration of the property, as section 50C was deemed inapplicable to the transfer of leasehold rights. The Tribunal's decision on 30.11.2015 clarified that the valuation by the Stamp Duty Authorities did not apply, and the capital gains were to be calculated based on the sale value offered by the assessee. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271073