https://www.taxtmi.com/caselaws?id=434610 Section 50C does not apply to compulsory acquisition of land for NHAI because the transfer occurs by operation of law, not by a negotiated sale, and stamp valuation has no relevant role; the capital gains computation therefore could not be based on deemed consideration under that provision. The article also notes that an addition for alleged coal shortage was unsustainable on the facts, as the appellate record showed the quantity was accounted for in the books and the factual explanation was accepted. The result described is that the assessee obtained relief on both issues and the appellate orders were left undisturbed. en-us Fri, 24 Feb 2023 00:00:00 +0530 Mon, 26 Jun 2023 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434610 Section 50C does not apply to compulsory acquisition of land for NHAI because the transfer occurs by operation of law, not by a negotiated sale, and stamp valuation has no relevant role; the capital gains computation therefore could not be based on deemed consideration under that provision. The article also notes that an addition for alleged coal shortage was unsustainable on the facts, as the appellate record showed the quantity was accounted for in the books and the factual explanation was accepted. The result described is that the assessee obtained relief on both issues and the appellate orders were left undisturbed. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434610