The insertion of words “or assessable“ by amending Section 50C ...

Amendment to Section 50C Introduces New Transaction Category, Applies Prospectively, Not Clarifying Existing Provisions.

March 14, 2013

Case Laws Income Tax HC

The insertion of words “or assessable“ by amending Section 50C with effect from 01.10.2009 is neither a clarification nor an explanation to the already existing provision and it is only an inclusion of new class of transactions with prospective effect - HC

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The insertion of words “or assessable“ by amending Section 50C ...

Amendment to Section 50C Introduces New Transaction Category, Applies Prospectively, Not Clarifying Existing Provisions.

March 14, 2013

Case Laws Income Tax HC

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