https://www.taxtmi.com/caselaws?id=349627 Leasehold plot transfers were held outside the scope of the stamp-value substitution rule because the provision applies to land or building or both, not to leasehold rights; the addition based on section 50C(1) was deleted. A separate receipt of money for booking a plot was treated as a commercial advance linked to a proposed business transaction, not a loan or advance in the nature of deemed dividend; the addition under section 2(22)(e) was also deleted. The assessee therefore obtained relief on both issues. en-us Thu, 14 Sep 2017 00:00:00 +0530 Wed, 18 Oct 2017 11:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349627 Leasehold plot transfers were held outside the scope of the stamp-value substitution rule because the provision applies to land or building or both, not to leasehold rights; the addition based on section 50C(1) was deleted. A separate receipt of money for booking a plot was treated as a commercial advance linked to a proposed business transaction, not a loan or advance in the nature of deemed dividend; the addition under section 2(22)(e) was also deleted. The assessee therefore obtained relief on both issues. Case-Laws Income Tax Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349627