https://www.taxtmi.com/caselaws?id=462612 Section 50C of the Income-tax Act operates only in relation to the transferor or seller of a capital asset, taxing the consideration received or deemed consideration on transfer. It does not extend to a purchaser of immovable property, and stamp duty valuation cannot enlarge its statutory scope beyond the text. The purchaser-assesseed could not be brought within the provision, so invocation of Section 50C against the buyer failed. en-us Fri, 09 Feb 2024 00:00:00 +0530 Thu, 03 Jul 2025 20:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462612 Section 50C of the Income-tax Act operates only in relation to the transferor or seller of a capital asset, taxing the consideration received or deemed consideration on transfer. It does not extend to a purchaser of immovable property, and stamp duty valuation cannot enlarge its statutory scope beyond the text. The purchaser-assesseed could not be brought within the provision, so invocation of Section 50C against the buyer failed. Case-Laws Income Tax Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462612