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![Sec 50C cannot be invoked in case of a distress Sale where Land was transferred to a Govt Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Sec 50C cannot be invoked in case of a distress Sale where Land was transferred to a Govt Company: ITAT [Read Order]")
Sec 50C cannot be invoked in case of a distress Sale where Land was transferred to a Govt Company: ITAT [Read Order]
Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has recently held that section 50C of the Income Tax Act, 1961 cannot be invoked in case of a...
![A Time-barred Notice cannot be deemed as valid u/s 292BB since it is a Jurisdictional Error: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "A Time-barred Notice cannot be deemed as valid u/s 292BB since it is a Jurisdictional Error: ITAT [Read Order]")