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2015 (11) TMI 1515 - ITAT HYDERABADApplicability of provision of sec 50C - whether SRO value on the date of the agreement of sale has to be considered under the provisions of section 50C - Held that:- Since the process of sale has been initiated from the date of sale agreement, the applicability of the provisions of section 50C should be looked at only on the date of sale agreement. CIT(A) was correct in holding that the SRO value as on the date of the agreement of sale has to be considered under the provisions of section 50C of the I.T. Act.
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