#section 50C
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592 articlesIncome Tax
Income Tax
Non-compliance inspite of repeated notices led to gross negligence hence cost of Rs. 2,000/- imposed
Income Tax
Income Tax
Capital gain on sale of land covered u/s 50C of Income Tax Act is to be assessed separately
Income Tax
Income Tax
Sale of property held with commercial intent taxable as business income, Section 50C inapplicable
Income Tax
Income Tax
Penalty u/s 271(1)(c) not imposable for application of section 50C of Income Tax Act
Income Tax
Income Tax
Section 50C not applies when immovable property compulsorily acquired by Government
Income 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
