TMI BlogCapital gain in respect of sale of only one property - addition u/s 50C - assessee itself had leasehold...Capital gain in respect of sale of only one property - addition u/s 50C - assessee itself had leasehold rights in the said property and hence in instant facts, the assessee cannot transfer/confer ownership rights in the said property in favour of the tenant - The Department has only questioned the transfer value in respect of one single property while accepting the sale/transfer value respect of all the other properties. Therefore, considering the above facts and the consistent position taken by..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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