Section 50C cannot be invoked in respect of TDR Rights

Sri Justice B. Subhashan Reddy (HUF) Vs ACIT (ITAT Hyderabad)

The issue under consideration is whether section 50C can be invoked in respect of the right to receive compensation on compulsory acquisition of land & the TDR rights as the same would not come within the meaning of “immovable property”?

ITAT states that it is pertinent t

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