Section 50C(1) of Income Tax Act Not Applicable to Leasehold Rights, No Capital Gain Addition Justified.

Section 50C(1) of Income Tax Act Not Applicable to Leasehold Rights, No Capital Gain Addition Justified. https://www.taxtmi.com/highlights?id=67933 Capital gain on lease hold properties - addition made u/s. 50C - transaction of transfer of leasehold right in question does not warrant invoking of section 50C(1) of the Act, as the property in question is not of the explicitly covered by section 50C(1) of the Act - AT en-us Fri, 27 Jan 2023 08:33:40 +0530 Fri, 27 Jan 2023 08:33:40 +0530 TaxTMI RSS Generator Section 50C(1) of Income Tax Act Not Applicable to Leasehold Rights, No Capital Gain Addition Justified. https://www.taxtmi.com/highlights?id=67933 Capital gain on lease hold properties - addition made u/s. 50C - transaction of transfer of leasehold right in question does not warrant invoking of section 50C(1) of the Act, as the property in question is not of the explicitly covered by section 50C(1) of the Act - AT Highlights Income Tax Fri, 27 Jan 2023 08:33:40 +0530 https://www.taxtmi.com/highlights?id=67933