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Section 50C(1) of Income Tax Act Not Applicable to Leasehold Rights, No Capital Gain Addition Justified.
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....Capital gain on lease hold properties - addition made u/s. 50C - transaction of transfer of leasehold right in question does not warrant invoking of section 50C(1) of the Act, as the property in question is not of the explicitly covered by section 50C(1) of the Act - AT....