Section 50C Clarifies Long-Term Capital Gains: Section 45(3) Deeming Fiction Not Overridden in Special Transfer Cases.

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....Addition of long term capital gain u/s. 50C - Provisions of section 45(3) is not a specific provision overrides the other provisions of the Act, importing a deeming fiction provided in section 50C of the Act cannot be extended to another deeming fiction created by the statute by way of section 45(3) to deal with special cases of transfer. - AT....