No Real Transfer, No Automatic U/s 50C Tax on Property Transaction

Kovvur Chandrashekhar Vs DCIT (ITAT Bangalore)

50C Can’t Tax a Gift-by-Mistake — Bangalore ITAT Remands Case Where “Sale Deed” Was Later Cancelled as Erroneous Documentation

The Bangalore ITAT (A Bench) allowed the appeal of the Assessee for statistical purposes & remanded the matter to the AO for de novo adjudication, holding that the issue of applicabili

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