Transfer of leasehold property with constructed building attracted Section 50C

Nasa Agro Industries Private Limited Vs DCIT (ITAT Amritsar) In , the assessee filed an appeal before the ITAT Amritsar against the order of the Commissioner of Income Tax (Appeals)-NFAC for Assessment Year 2012-13 arising out of reassessment proceedings under Sections 143(3)/147 of the Income Tax Act, 1961. The assessee challenged the reassessment proceedings and the application of Section 50C to transfer of leasehold rights in land and building. The assessee also raised a grievance regarding denial of hearing through video conference. The original return was filed on 15.09.2012 declaring inc...