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2017 (7) TMI 1210 - AT - Income TaxComputation of capital gains - valuation of capital assets u/s 50C - transfer of lease holding rights - assessee stated that this is only a lease rights transfer in the property and it cannot be said the ownership who transfer the land. - Held that:- In view of the above facts and circumstances and the decision of the Hon’ble Bombay High Court [2016 (7) TMI 1393 - BOMBAY HIGH COURT], respectfully following the same I allow the appeal of assessee. - Decided in favor of assessee.
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