The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of Section 50C of the Income Tax Act, 1961 cannot be applied when the property in question was sold under pressure. The registered sale deed was executed by one Shri Narayanaswamy in his capacity as power of attorney holder for […]
The post Section 50C can’t be applied when Property Sold under Pressure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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