Section 50C not applies when immovable property compulsorily acquired by Government

PCIT Vs Durgapur Projects Limited (Calcutta High Court) Whether provisions of Section 50C can be applied when the immovable property is compulsorily acquired by the Government? Whether the definition of transfer u/s 2(47) can be considered for applying Section 50C or only when the transfer involves payment of stamp duty that the provisions of Section 50C comes into play? The Division bench of calcutta high court in this case was considering the claim of department to apply Section 50C when the land in question was acquired by the Government and compensation was given and there was no stamp dut...