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Girdharlal Brothers Vs ACIT/JCIT/DCIT/ACIT/ITO (ITAT Mumbai)

ITAT MumbaiIncome TaxSection 50CAY 2018-19Faisla: Assessee ke favour mein

Case ke facts

Girdharlal Brothers ne tenancy rights surrender kiye the. Department ne value uthane ke liye Section 50C lagaya aur ₹38.48 lakh ka addition kiya.

Mudda (Issue)

Kya tenancy rights ke surrender par Section 50C lagti hai?

Faisla (Held)

ITAT ne addition hata diya. Bola ki Section 50C sirf immovable property transfer par lagti hai, tenancy rights par nahi.

Practical takeaway

Agar aap tenancy rights surrender kar rahe hain, to Section 50C ka valuation provision aap par nahi lagega.

Original report: taxguru.in

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Income tax notice ka jawab

Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-11-04.

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