https://www.taxtmi.com/caselaws?id=285602 The Tribunal dismissed both the appeal by the Assessing Officer and the cross objection by the assessee. It upheld the CIT(A)'s decision that Section 50C does not apply to the transfer of leasehold rights. The capital gains were computed based on actual consideration received for surrendering tenancy rights, resulting in no taxable capital gain due to the full investment under Section 54F. en-us Wed, 29 Feb 2012 00:00:00 +0530 Sat, 18 Jan 2020 16:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285602 The Tribunal dismissed both the appeal by the Assessing Officer and the cross objection by the assessee. It upheld the CIT(A)'s decision that Section 50C does not apply to the transfer of leasehold rights. The capital gains were computed based on actual consideration received for surrendering tenancy rights, resulting in no taxable capital gain due to the full investment under Section 54F. Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285602