The Delhi Bench of Income Tax Appellate Tribunal has held that deeming provisions of Section 50C of the Income Tax Act cannot be applied for leasehold rights.The bench of Kul Bharat and Avdhesh Kumar Mishra has observed that only if a capital asset, be it land, a building, or both, is transferred and the consideration received or accruing as a. …
Two issues were repetedly causing litigations before various courts including before the Supreme Court: For easy reference, the contents of the article are indexed as below., Ultimately, recently a Three Judges Bench while answering the questions has put to rest the controvercy. Gratuity was withheld in view of the pendency of the Disciplinary proceedings; C) Basic submissions of the Employee …
