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Income Tax - Highlights / Catch Notes

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Long Term Capital Gain - sale consideration u/s 50C - what has ...


Section 50C of Income Tax Act: Deeming Provisions Don't Apply to Transfer of Property Allotment Rights.

April 18, 2017

Case Laws     Income Tax     AT

Long Term Capital Gain - sale consideration u/s 50C - what has been transferred by the assessee is a right of allotment in the property and not the actual property itself and in respect of such rights, the deeming provisions of section 50C are not applicable - AT

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