#section 50C
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559 articlesIncome Tax

Income Tax
Section 56(2)(vii) applies to purchaser of capital asset & Section 50C to Buyer
Income Tax

Income Tax
Transfer of Leasehold Right not warrant invoking of section 50C(1)
Income Tax

Income Tax
ITAT deletes addition under section 50C as difference was less than 10%
Income Tax

Income Tax
No Section 271(1 )(c) penalty on addition under Section 50C
Income Tax

Income Tax
Section 50C amendment introduced vide Finance Bill 2016 is retrospective in nature
Income Tax

Income Tax
AO not examined section 54B/54F basic conditions – ITAT refers matter back to AO
Income Tax

Income Tax
Provisions of u/s 50C of the Income Tax Act is not applicable to buyer of property
Income Tax

Income Tax
Provisions of section 50C doesn’t apply as development rights transferred before 1st April 2003
Income Tax

Income Tax
Capital gain computable as per amended proviso to section 50C despite receipt of 99% of payment by cheque
Income Tax

Income Tax
AO must refer valuation to DVO if he disputes Stamp Duty valuation despite no request by assessee
Income Tax

Income Tax
Different yardsticks not allowed for same property sale transaction by co-owners
Income Tax

Income Tax
Amount paid by Property Purchaser to Tenant can’t be taxed as gain of owner of capital asset
Income Tax

Income Tax
Section 50C not attracted in case of transfer of leasehold rights
Income Tax

Income Tax
