https://www.taxtmi.com/caselaws?id=391113 The Tribunal allowed the appeal, ruling that Section 50C of the Income Tax Act does not apply to the transfer of leasehold rights. It directed the AO to re-compute the capital gains/loss based on the actual consideration received by the assessee, setting aside the CIT(A)'s order. en-us Fri, 17 Jan 2020 00:00:00 +0530 Mon, 20 Jan 2020 09:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391113 The Tribunal allowed the appeal, ruling that Section 50C of the Income Tax Act does not apply to the transfer of leasehold rights. It directed the AO to re-compute the capital gains/loss based on the actual consideration received by the assessee, setting aside the CIT(A)'s order. Case-Laws Income Tax Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391113