Section 50C applies only to an assessee who has received, or to whom consideration has accrued, as a result of the transfer of a capital asset. The provision is concerned exclusively with the seller of the property, and its deeming fiction has no application to the purchaser.
PCIT v. Sharan Svadha LLP (2025) 306 Taxman 92 (SC) Editorial: PCIT v. Sharan Svadha LLP (2025) 176 taxmann.com 88 (Delhi)(HC)
S. 50C : Capital gains-Full value of consideration-Stamp valuation-Deeming fiction has no application to the purchaser-Dealy of 350 days-SLP dismissed on account of delay. [S. 45, Art. 136]
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