{"id":58505,"date":"2026-02-16T12:27:16","date_gmt":"2026-02-16T06:57:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vidarbha-veneere-industries-ltd-v-ito-2025-344-ctr-322-249-dtr-249-174-taxmann-com-223-2026-484-itr-132-bomhc\/"},"modified":"2026-02-16T12:27:16","modified_gmt":"2026-02-16T06:57:16","slug":"vidarbha-veneere-industries-ltd-v-ito-2025-344-ctr-322-249-dtr-249-174-taxmann-com-223-2026-484-itr-132-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vidarbha-veneere-industries-ltd-v-ito-2025-344-ctr-322-249-dtr-249-174-taxmann-com-223-2026-484-itr-132-bomhc\/","title":{"rendered":"Vidarbha Veneere Industries Ltd. v. ITO (2025) 344 CTR 322 \/ 249 DTR 249\/ 174 taxmann.com 223\/ (2026) 484 ITR 132 (Bom)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the<strong>\u00a0 <\/strong>Court held that leasehold rights in land constitute a \u201ccapital asset\u201d as property can be \u201cheld\u201d and not necessarily owned, and therefore s. 50C applies even to transfer\/assignment of leasehold rights in land allotted by MIDC. Atul G. Puranik v. ITO (2011) 58 DTR 208 (Mum)(Trib) overruled; CIT v. Greenfield Hotel &amp; Estates (P) Ltd. (2016) 389 ITR 68 (Bom)(HC)\u00a0 distinguished.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50C : Capital gains-Full value of consideration-Stamp valuation-Transfer  of  leasehold rights-Provision is   applicable in respect of transfer of leasehold rights in the lands which were transferred by the MIDC in favour of the assessee. [S. 2(14)(a), 50C, 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-58505","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fdD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58505"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58505\/revisions"}],"predecessor-version":[{"id":58506,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58505\/revisions\/58506"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}