https://www.taxtmi.com/caselaws?id=301432 The tribunal partly allowed the appeal, directing the computation of capital gains based on the actual sale consideration of Rs. 55,00,000 for the transfer of leasehold rights. It held that Section 50C of the Income Tax Act does not apply to leasehold rights transactions, citing various precedents. The lower authorities were instructed to calculate capital gains accordingly, rejecting the use of stamp valuation. en-us Fri, 06 Oct 2017 00:00:00 +0530 Mon, 04 Apr 2022 20:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301432 The tribunal partly allowed the appeal, directing the computation of capital gains based on the actual sale consideration of Rs. 55,00,000 for the transfer of leasehold rights. It held that Section 50C of the Income Tax Act does not apply to leasehold rights transactions, citing various precedents. The lower authorities were instructed to calculate capital gains accordingly, rejecting the use of stamp valuation. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301432