https://www.taxtmi.com/caselaws?id=768631 Section 50C applies to the transfer of assigned leasehold rights in land or building where the stated consideration is below the stamp-valuation figure. Leasehold interests constitute capital assets because the definition covers property of any kind held by an assessee and does not require ownership. Land or building may be held through ownership, lease, sub-lease, assignment, or another legally recognised mode. The mode of holding does not exclude the underlying land or building from Section 50C, and transfer includes assignment of leasehold rights. en-us Tue, 01 Apr 2025 00:00:00 +0530 Tue, 15 Sep 2026 15:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768631 Section 50C applies to the transfer of assigned leasehold rights in land or building where the stated consideration is below the stamp-valuation figure. Leasehold interests constitute capital assets because the definition covers property of any kind held by an assessee and does not require ownership. Land or building may be held through ownership, lease, sub-lease, assignment, or another legally recognised mode. The mode of holding does not exclude the underlying land or building from Section 50C, and transfer includes assignment of leasehold rights. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768631