The Income Tax Appellate Tribunal ( ITAT ), Delhi has held that the provisions of section 50C of the Income Tax Act, 1961 can be invoked in the year in which the sale had taken place. The Assessing Officer, based on the AIR Information, observed that the assessee had executed one transaction of sale of […]
The post Section 50C can be invoked in the Year in which Sale taken Place: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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