Deeming Provisions of Section 50C Not Apply to Leasehold Rights: ITAT Delhi

Shivdeep Tyagi Vs ITO (ITAT Delhi)  

Introduction: In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi, in the case of Shivdeep Tyagi vs Income Tax Officer (ITO), clarified that the deeming provisions of Section 50C of the Income Tax Act, 1961, do not apply to leasehold rights. This decision

Please become a Premium member. If you are already a Premium member, login here to access the full content.