2018 (5) TMI 713

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....006-07. 2. Admit on the following substantial question of law which alone is pressed for our consideration :- (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding that the provisions of Section 50C of the Act does not come into operation where leasehold rights in land are transferred? 3. The impugned order of the Tribunal while allowi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ence of filing an appeal from that order was produced. 5. Today Mr. Suresh Kumar, learned Counsel for the Revenue points out that the Revenue has preferred an appeal from the order of the Tribunal in Pradeep Steel Re-Rolling Mills Pvt. Ltd. (supra) being Income Tax Appeal No.75 of 2012 and the same was admitted on 26th June, 2014. However, the same was withdrawn in view of the low tax effect on 8....