https://www.taxtmi.com/caselaws?id=272215 The Tribunal upheld the applicability of Section 50C to the sale deed dated 10.05.2005, making the capital gains taxable in the assessment year 2006-07. The appellant's reliance on Explanation 2 to Section 2(47) was dismissed, as the appellant had already claimed capital gains for the assessment year 2006-07. The appeal was dismissed, and the substantial question of law was answered against the assessee. en-us Thu, 14 Jan 2016 00:00:00 +0530 Thu, 01 Sep 2016 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272215 The Tribunal upheld the applicability of Section 50C to the sale deed dated 10.05.2005, making the capital gains taxable in the assessment year 2006-07. The appellant's reliance on Explanation 2 to Section 2(47) was dismissed, as the appellant had already claimed capital gains for the assessment year 2006-07. The appeal was dismissed, and the substantial question of law was answered against the assessee. Case-Laws Income Tax Thu, 14 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272215