Section 50C of the Act is applicable to a property held in leasehold right: Bombay HC Recently, Bombay HC, Nagpur Bench in ๐๐ต๐ฒ ๐ฐ๐ฎ๐๐ฒ ๐ผ๐ณ ๐ฉ๐ถ๐ฑ๐ฎ๐ฟ๐ฏ๐ต๐ฎ ๐ฉ๐ฒ๐ป๐ฒ๐ฒ๐ฟ๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฒ๐ ๐๐๐ฑ ๐. ๐๐ง๐ข [๐๐ป๐ฐ๐ผ๐บ๐ฒ ๐ง๐ฎ๐ ๐๐ฝ๐ฝ๐ฒ๐ฎ๐น ๐ก๐ผ. ๐ฏ๐ฐ ๐ผ๐ณ ๐ฎ๐ฌ๐ฎ๐ฎ], ๐ฑ๐ฎ๐๐ฒ๐ฑ ๐ฌ๐ญ.๐ฌ๐ฐ.๐ฎ๐ฌ๐ฎ๐ฑ 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 Honโbleโฆ
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