deeming fiction u/s 50C

  • Income Tax

50C provisions not apply to transfer of right in partnership firm. Sale deed of property executed in favour of incoming partners by retiring partners-ITAT

50C provisions not apply to transfer of right in partnership firm. Sale deed was executed in favour of incoming partners…

7 years ago
  • Income Tax

AO statutorily required to compute capital gain us 48 not 50C. Deduction us 54EC to be also not on deemed cost of consideration u/s 50C basis-ITAT

AO statutorily required to compute capital gain us 48 not 50C. Deduction us 54EC also allowable on capital gain computed…

8 years ago
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