Sec 50C cannot be made applicable to lease rights in land: ITAT
Sec 50C cannot be made applicable to lease rights in land: ITAT Facts giving rise to the present appeal are that income tax return declaring income of Rs.84,540/- was filed on 22.07.2016 which was duly processed u/s 143(1) of the Income Tax Act, 1961 (“the Act”) . Thereafter, the case was selected for limited scrutiny….
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