Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the leasehold rights can not be computed as capital gains in respect of transactions in land or building under Section 50C of the Income Tax Act. The assessee, Noida Cyber Park Pvt. Ltd. stated that Section 50C, being a deeming provision, has to be strictly […]

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