Bombay High Court Dismisses Assessee's Appeal, Upholds Applicability of Section 50C to Transfer of Leasehold Rights. Leasehold Rights Constitute Capital Asset and Assignment Thereof Attracts Section 50C Deeming Provision....
The appeal arose from an order of the Income Tax Appellate Tribunal, Nagpur dated 24.03.2017 dismissing the assessee's claim that Section 50C of the Income Tax Act, 1961 did not apply to the transfer ...




