Section 50C not applicable If Assessee is Buyer of Property: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the provisions of section 50C of the Income Tax Act, 1961 will not be applicable if the assessee is the buyer of the property and not the seller. The Assessee, an individual, purchased two properties during the year. During the […]

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