https://www.taxtmi.com/highlights?id=71685 Addition u/s 50C v/s 45(3) - Capital contribution in the partnership firm by way of transfer of Land (capital assets) by the partner - the consideration in the hand of the partner (present assessee) shall be determined as per the provision of section 45(3) of the Act and not as per the provisions of section 50C. - AT en-us Sat, 26 Aug 2023 13:51:46 +0530 Sat, 26 Aug 2023 13:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71685 Addition u/s 50C v/s 45(3) - Capital contribution in the partnership firm by way of transfer of Land (capital assets) by the partner - the consideration in the hand of the partner (present assessee) shall be determined as per the provision of section 45(3) of the Act and not as per the provisions of section 50C. - AT Highlights Income Tax Sat, 26 Aug 2023 13:51:46 +0530 https://www.taxtmi.com/highlights?id=71685