Section 50C of the Act is applicable to a property held in leasehold right: Bombay HC ย Recently, Bombay HC, Nagpur Bench inย ๐๐ต๐ฒย ๐ฐ๐ฎ๐๐ฒย ๐ผ๐ณย ๐ฉ๐ถ๐ฑ๐ฎ๐ฟ๐ฏ๐ต๐ฎย ๐ฉ๐ฒ๐ป๐ฒ๐ฒ๐ฟ๐ฒย ๐๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฒ๐ย ๐๐๐ฑย ๐.ย ๐๐ง๐ขย [๐๐ป๐ฐ๐ผ๐บ๐ฒย ๐ง๐ฎ๐ ย ๐๐ฝ๐ฝ๐ฒ๐ฎ๐นย ๐ก๐ผ.ย ๐ฏ๐ฐย ๐ผ๐ณย ๐ฎ๐ฌ๐ฎ๐ฎ],ย ๐ฑ๐ฎ๐๐ฒ๐ฑย ๐ฌ๐ญ.๐ฌ๐ฐ.๐ฎ๐ฌ๐ฎ๐ฑย has held an important judgement on taxation of transfer of the leasehold rights. It has held that Section 50C of the Act is applicable to a property held in leasehold right. The Honโble…
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