https://www.taxtmi.com/caselaws?id=768631 In this tax case, the SC examined the applicability of Section 50C of the IT Act to leasehold property transfers. The Court broadly interpreted "held by an assessee" to include leasehold rights, rejecting previous narrow interpretations. The SC concluded that leasehold property transfers are subject to capital gains tax based on stamp valuation authority assessments, thereby expanding the statutory scope of Section 50C and dismissing the appellant's appeal. en-us Tue, 01 Apr 2025 00:00:00 +0530 Mon, 02 Mar 2026 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768631 In this tax case, the SC examined the applicability of Section 50C of the IT Act to leasehold property transfers. The Court broadly interpreted "held by an assessee" to include leasehold rights, rejecting previous narrow interpretations. The SC concluded that leasehold property transfers are subject to capital gains tax based on stamp valuation authority assessments, thereby expanding the statutory scope of Section 50C and dismissing the appellant's appeal. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768631