Section 50C applicable even if registration takes place subsequent to transfer

IN THE ITAT KOLKATA BENCH ‘A’ Deputy Commissioner of Income-tax, Circle-9 V/s. Bagri Impex (P.) Ltd. IT Appeal NO. 498 (KOL.) OF 2012 [ASSESSMENT YEAR 2006-07] AUGUST 9, 2012 ORDER Sanjay Arora, Accountant Member This is an Appeal by the Revenue arising out of the Order by the Commissioner of Income-tax (Appeals)-XXXII, Kolkata (‘CIT(A)’ for short) dated 11-01-2012, allowing the assessee’s appeal contesting its assessment u/s. 143(3) of the Income-tax Act, 1961 (‘the Act’ hereinafter) dated 04-08-2008 for the assessment year (A.Y) 2006...