The Ahmedabad bench of the ITAT has held that Section 50C of the Income Tax Act, 1961 cannot be invoked in case of brokerage costs incurred on the sale consideration by the purchaser. The assessee, an individual, sold immovable property located at Paldi, Ahmedabad for a consideration of Rs.51 Lakhs vide sale deed registration with […]
The post Sec 50C can’t be invoked on Brokerage Costs incurred on Sale Consideration by Purchaser: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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