https://www.taxtmi.com/caselaws?id=370529 Section 50C of the Income-tax Act was treated as applicable where a registered sale deed showed consideration below stamp value for transfer of land or building for consideration. The Court found no material showing that RIICO had exclusive possession or that only a limited right, rather than the land itself, had been transferred. It held that the dispute turned on factual characterisation of the transaction, not on any settled legal error, and therefore no substantial question of law arose. The stamp-value based addition was left undisturbed and no relief followed in appeal. en-us Tue, 03 Jul 2018 00:00:00 +0530 Mon, 19 Nov 2018 08:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370529 Section 50C of the Income-tax Act was treated as applicable where a registered sale deed showed consideration below stamp value for transfer of land or building for consideration. The Court found no material showing that RIICO had exclusive possession or that only a limited right, rather than the land itself, had been transferred. It held that the dispute turned on factual characterisation of the transaction, not on any settled legal error, and therefore no substantial question of law arose. The stamp-value based addition was left undisturbed and no relief followed in appeal. Case-Laws Income Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370529