https://www.taxtmi.com/caselaws?id=302646 The Tribunal allowed the appeal, ruling that section 50C of the Income Tax Act applies only to the transfer of land or building, not leasehold rights. It held that the Lower Authorities erred in taxing short term capital gain on the transfer of leasehold rights and deleted the Rs.3,68,289 addition. en-us Wed, 14 Nov 2018 00:00:00 +0530 Thu, 09 Jun 2022 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302646 The Tribunal allowed the appeal, ruling that section 50C of the Income Tax Act applies only to the transfer of land or building, not leasehold rights. It held that the Lower Authorities erred in taxing short term capital gain on the transfer of leasehold rights and deleted the Rs.3,68,289 addition. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302646