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Sec.50C is applicable to encumbered capital asset .

Query - I am in search of case law of Chennai ITAT.
One of the members of the Bench : Shri. GEORGE MARTHAN
Subject : Section 50C is applicable to encumbered capital asset.
The decision of this Bench was approved by Madras HC.
Can you find it out and send it to me by mail.?
The above decisions are needed to distinguish from the
Smt.D.Anitha's case Hyderabad ITAT and Sir Mohamed Yusuf Trust's case Mumbai ITAT
Thanking you,
Yours faithfully,
CA T.S.Rajarajeswaran.
M.NO: 022922
Mail ID :

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