Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 419 - AT - Income TaxSection 50C applicability - transfer of leasehold rights by the appellant - Held that:- The issue under consideration is squarely covered by the decision in the case of Greenfield Hotels and Estates Pvt. Ltd. [2016 (12) TMI 353 - BOMBAY HIGH COURT] as held Section 50C is not applicable while computing capital gains on transfer of leasehold rights in land and buildings. - Decided in favour of assessee Addition u/s 41 - Held that:- Following the order of Tribunal in assessee’s own case no infirmity in the order of CIT(A) deleting addition made u/s.41(1) as held there is no remission or cessation of liability of the sundry creditors appearing in the books of assessee in the impugned assessment year- Decided in favour of assessee
|