Section 50C Inapplicable: Sale of Undetermined Beneficial Rights in Land Not Subject to Stamp Duty Value Substitution.

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....Applicability of provisions of section 50C - Sale of undetermined beneficial rights in the land - There cannot be any substitution of stamp duty value as the full value consideration in terms of Section 50C of the Act in the instant case. This fact is also strengthened by the fact that assessee has also offered capital gains in the return of income as sale of rights in land has been transferred. - AT....