ITAT DELHI “SMC” BENCH Pronouncement the order on 27.5.2022 in the case of Bharat Bhushan Jain Vs. ITO.
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271 total views Question: Whether section 50C applies on sale of lease hold property? Answer: No. As section 50C applies only to a capital asst, being land or building or both, it cannot be made applicable to lease rights in a…