The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that the provisions of section 50C of the Income Tax Act, 1961 would not be applicable where the assessee executed a Sale Deed through GPA holders to the children of assessees. In the instant case, both the assessees had purchased the said property through […]
The post Sale through GPA Holder for a Less Consideration in favour of Children does not attract Section 50C: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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