Allowing the appeal of the assessee the Tribunal held that since neither Land or  Building or  both had been transferred but leasehold rights in property were transferred provision of section 50C is not attracted . Accordingly the addition was deleted.  Section 50c Could Not Be Attracted. Followed CIT  v. Amarchand N. Shroff (1963 48 ITR  59 (SC)  wherein in the Court held that the scope of  a deeming provision and came to hold ta it cannot be extended beyond the object for which it is enacted.  (AY. 2016-17)