![ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]")
ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]
While allowing the appeal filed by the assessee for statistical purposes, the Hyderabad bench of Income Tax Appellate Tribunal (ITAT) deleted the...
![Penalty can’t be Levied for Applying Deemed Provisions of Sec 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty can’t be Levied for Applying Deemed Provisions of Sec 50C: 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]](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]")
![Dept can Adopt Full Value of Consideration even in case of Unregistered Transfers: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan-1.jpg "Dept can Adopt Full Value of Consideration even in case of Unregistered Transfers: Gujarat HC [Read Judgment]")
Compensation Paid for release of Lease Hold Rights created by Ancestors is Deductible from Capital Gain: ITAT Hyderabad
In Maniza Jumabhoi v. ACIT, the ITAT, Hyderabad held that the payments in the nature of Compensation made by assessee for release of lease hold rights created by ancestors is allowable as expenditure...
Sec 50C is Applicable when the Value adopted by Stamp Valuation Authority is Higher Than the Value declared by the Assessee: ITAT Delhi [Read Order]
In Jastinder Singh Vedi v. DCIT, the Delhi bench of the ITAT held that the “full value of consideration” reported in the return can be replaced with “fair market value of the property” if the value...
![Sec 50C is Applicable when the Value adopted by Stamp Valuation Authority is Higher Than the Value declared by the Assessee: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Sec 50C is Applicable when the Value adopted by Stamp Valuation Authority is Higher Than the Value declared by the Assessee: ITAT Delhi [Read Order]")
Sec 50C containing Special Provisions for Determining Full Value of Consideration is applies to Depreciable Assets: ITAT
In a significant ruling, the Mumbai bench of the ITAT held that Section 50C of the Income Tax Act which provides for special provisions for determining full value of consideration is applies to...
“Transfer of Development Rights” falls within the Ambit of S. 50C of the Income Tax Act: ITAT Mumbai [Read Order]
The Income Tax Appellate Tribunal, Mumbai bench has recently held that section 50C of the Income Tax Act covers the “Transfer of Development Rights” also. The Tribunal further found that section 50C...
