https://www.taxtmi.com/caselaws?id=432241 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The judgment clarified the inapplicability of Section 50C to leasehold rights transfers and emphasized the necessity of legal provisions for altering valuation methods in capital gain calculations. en-us Wed, 28 Dec 2022 00:00:00 +0530 Fri, 30 Dec 2022 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432241 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The judgment clarified the inapplicability of Section 50C to leasehold rights transfers and emphasized the necessity of legal provisions for altering valuation methods in capital gain calculations. Case-Laws Income Tax Wed, 28 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432241