Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

The Commissioner of Income Tax-2, Mumbai. Versus M/s. Heatex Products Pvt. Ltd.

2016 (7) TMI 1393 - BOMBAY HIGH COURT

Applicability of Section 50C - It is the case of the revenue that Section 50C would apply also to transfer of leasehold interest in land and is not limited to only to transfer of land and building or both - Held that:- The impugned order of the Tribu .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

not apply to transfer of lease rights in a land. No substantial question of law. - Income Tax Appeal NO.270 OF 2014 - Dated:- 26-7-2016 - M. S. Sanklecha And A.K. Menon , JJ. Mr. Suresh Kumar with Ms.Samiksha Kanani for the appellant. Ms. Aarti Sathe .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

in respect of Assessment Year 200708. 2. This appeal raises the following question of law for our consideration : ( i) Whether on the facts and in the circumstances of the case, the Tribunal was correct in law, in setting aside the issue of applicab .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

3. The only grievance of the revenue in this appeal is that the provisions of Section 50C of the Act mandates that where a transfer of capital asset being land or building or both is for consideration less then its value as adopted/assessed by the S .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Act would apply also to transfer of leasehold interest in land and is not limited to only to transfer of land and building or both. 4. The impugned order of the Tribunal allowed the respondent - assessee's appeal by following its own decision in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version