Capital Gain - transfer of right in the land or transfer of land itself - addition u/s 50C - Harassment to the honest tax payers

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..... e assessee: The assessee executed an agreement in favour of M/s. Rising Build Estate Ltd. and transferred all the right acquired under the power of attorney on consideration of ₹ 70.00 lacs. This Registration was presented for registration before the Stamp Duty authority. The assessee has not transferred any immovable property but has transferred the right of purchase of immovable pro .....

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..... g the revenue appeal, High Court observed 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 in total consideration of the payment after sale agreement was determined as ₹ .....

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