https://www.taxtmi.com/caselaws?id=326938 The Tribunal ruled in favor of the assessee, emphasizing that section 50C applies only to land or building transfers and not to all capital assets. The detailed analysis of relevant case law clarified that compensation received for relinquishing rights in property transactions does not fall under section 50C. Therefore, the addition of Rs. 12,92,568 was deemed inappropriate, leading to the allowance of the assessee's appeal. en-us Thu, 17 Mar 2016 00:00:00 +0530 Thu, 28 Apr 2016 10:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326938 The Tribunal ruled in favor of the assessee, emphasizing that section 50C applies only to land or building transfers and not to all capital assets. The detailed analysis of relevant case law clarified that compensation received for relinquishing rights in property transactions does not fall under section 50C. Therefore, the addition of Rs. 12,92,568 was deemed inappropriate, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326938