https://www.taxtmi.com/caselaws?id=335708 The High Court dismissed the appeals without costs, as the Revenue did not challenge the Tribunal's decision regarding the inapplicability of Section 50C of the Income Tax Act to the transfer of leasehold rights in land and buildings. The Court found no substantial question of law, citing the Revenue's acceptance of a previous similar decision. The judgment was based on legal interpretations and principles, leading to the rejection of the Revenue's appeal. en-us Mon, 24 Oct 2016 00:00:00 +0530 Mon, 08 Aug 2022 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335708 The High Court dismissed the appeals without costs, as the Revenue did not challenge the Tribunal's decision regarding the inapplicability of Section 50C of the Income Tax Act to the transfer of leasehold rights in land and buildings. The Court found no substantial question of law, citing the Revenue's acceptance of a previous similar decision. The judgment was based on legal interpretations and principles, leading to the rejection of the Revenue's appeal. Case-Laws Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335708