https://www.taxtmi.com/caselaws?id=469069 Section 50C was disputed on the ground that only a right in the property, and not the land or building itself, had been transferred, but that factual claim was not satisfactorily established before the lower authorities. The alternative request for a fresh examination was accepted because the transaction required further verification, including valuation by the Departmental Valuation Officer and consideration of supporting evidence. The matter was therefore remanded to the Assessing Officer for de novo adjudication, with the assessee to be given an opportunity to substantiate its case, resulting in only partial relief. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 01 Jun 2026 18:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469069 Section 50C was disputed on the ground that only a right in the property, and not the land or building itself, had been transferred, but that factual claim was not satisfactorily established before the lower authorities. The alternative request for a fresh examination was accepted because the transaction required further verification, including valuation by the Departmental Valuation Officer and consideration of supporting evidence. The matter was therefore remanded to the Assessing Officer for de novo adjudication, with the assessee to be given an opportunity to substantiate its case, resulting in only partial relief. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469069