https://www.taxtmi.com/caselaws?id=411176 The Tribunal upheld the CIT(A)'s decisions on two issues: Section 50C does not apply to the transfer of reversionary rights, and the cost of acquisition for properties should be calculated at 70% of the sale value for computing LTCG. The revenue's appeal was dismissed as it lacked merit. en-us Thu, 05 Aug 2021 00:00:00 +0530 Wed, 18 Aug 2021 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411176 The Tribunal upheld the CIT(A)'s decisions on two issues: Section 50C does not apply to the transfer of reversionary rights, and the cost of acquisition for properties should be calculated at 70% of the sale value for computing LTCG. The revenue's appeal was dismissed as it lacked merit. Case-Laws Income Tax Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411176