https://www.taxtmi.com/caselaws?id=793934 Section 50C was treated as applicable where the transfer involved leasehold land with a constructed building and the sale deed showed conveyance of land and building, so the leasehold character did not exclude the deeming fiction; this point was decided against the assessee and in favour of the Revenue. The additional ground challenging reopening under section 147 was remanded because the first appellate authority had not adjudicated it and the assessment records required verification, including possible report from the Assessing Officer. The appeal therefore succeeded only to the limited extent of fresh consideration of the reassessment challenge. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793934 Section 50C was treated as applicable where the transfer involved leasehold land with a constructed building and the sale deed showed conveyance of land and building, so the leasehold character did not exclude the deeming fiction; this point was decided against the assessee and in favour of the Revenue. The additional ground challenging reopening under section 147 was remanded because the first appellate authority had not adjudicated it and the assessment records required verification, including possible report from the Assessing Officer. The appeal therefore succeeded only to the limited extent of fresh consideration of the reassessment challenge. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793934