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Sec. 50C not applicable to transfer of shares or indirect transfer of immovable property through share transfer
Case Law Details
- Case Name
- Irfan Abdul Kader Fazlani Vs Assistant Commissioner of Income-tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007- 08 & 2008-09
- Courts
- All ITAT, ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘I’
Irfan Abdul Kader Fazlani
Versus
Assistant Commissioner of Income-tax
IT APPEAL NOS. 8831, 8832, 8835, 8836, 8850 & 8851 (MUM.) OF 2011
[ASSESSMENT YEARS 2007- 08 & 2008-09]
JANUARY 2, 2013
ORDER
1. There are six appeals under consideration involving three assessees namely Shri Irfan Abdul Kader Fazlani, Iqbal Abdhul Kader Fazlani and Shri Imran Yunus Fazlani. Considering the commonness in the grounds raised in all the appeals of the assessees, they are being clubbed and adjudicated in this composite order. For the sake of convenience, we shall ...
