https://www.taxtmi.com/caselaws?id=458217 Section 50C of the Income-tax Act was considered in relation to transfer of tenancy rights, and the Tribunal's view was that such transfer does not amount to transfer of land, building or both and therefore falls outside the section. That approach followed its earlier decision in Shri Atul G. Puranik, which the Revenue had already accepted. On that basis, the Revenue's proposed questions did not raise any substantial question of law for consideration. en-us Mon, 12 Oct 2015 00:00:00 +0530 Tue, 15 Oct 2024 20:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458217 Section 50C of the Income-tax Act was considered in relation to transfer of tenancy rights, and the Tribunal's view was that such transfer does not amount to transfer of land, building or both and therefore falls outside the section. That approach followed its earlier decision in Shri Atul G. Puranik, which the Revenue had already accepted. On that basis, the Revenue's proposed questions did not raise any substantial question of law for consideration. Case-Laws Income Tax Mon, 12 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458217