Loss arising from sale of subject land - Section 50C ...

High Court rules Section 50C of Income Tax Act doesn't apply to rights in land, only to land sales.

February 15, 2021

Case Laws Income Tax HC

Loss arising from sale of subject land - Section 50C applicability - the assessee had certain rights under the agreement - from the clear plain and unambiguous language employed in Section 50C, it is evident that the same does not apply to a case of rights in land. - HC

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Loss arising from sale of subject land - Section 50C ...

High Court rules Section 50C of Income Tax Act doesn't apply to rights in land, only to land sales.

February 15, 2021

Case Laws Income Tax HC

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