[aaykarbhavan] ITAT : 99 year lease-hold rights in land, a capital asset transfer, attracts Sec 50C

 Hari Om Gupta

April 15 2014

Lease-hold rights for 99 years in land a capital asset; Provisions of Sec 50C (dealing with applying higher stamp duty valuation in computing capital gains) apply to such transfer;

Courtesy: taxsutra.com

Regards

Prarthana Jalan

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