The Commissioner of Income Tax-IV vs. M/s Pokarna Limited

The appeals are dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

2) applies and the Income-tax officer must taken into account the full value of the consideration for the transfer”. 28. However, in the new Act, the aforesaid two conditions are deleted. Section 50C categorically states that where the consideration received on transfer of a capital asset is less than the value adopted or assessed by any authority

The Director of Income Tax (Exemptions) vs. G Pulla Reddy Chritable Trust

In the result, the orders passed by the Commissioner of

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH