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2017 (12) TMI 55 - HC - Income TaxApplicability of provisions of section 50C - ITAT held that the provisions of Section 50C are applicable only in those cases of sale of property where the deed of sale had been got registered?”Held that:- Before proceeding with the matter, it will not be out of place to mention here that those transactions which are shown as transaction under Section 50C [Explanation-2], even if taken into consideration, the transaction which take place as short term capital gain was in total consideration of the payment after sale and it cannot be assessed. Therefore, both the authorities have committed no error in reaching the conclusion. In that view of the matter, the issue is answered in favour of the assessee and against the department
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