Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Issues in section 50C<br />
• Finality as regards consequences <strong>of</strong><br />
variation as per section 50C not binding.<br />
Ravi Kant v. ITO (ITA No. 3671 <strong>of</strong> 2006) dt<br />
13/7/07 (Delhi)<br />
• Provision yet to be tested in the light <strong>of</strong><br />
decision in the case <strong>of</strong> K.P. Verghese V.<br />
ITO.(1981) 131 ITR 597 (SC)