16 January 2020
A is the owner of a land. B is a protected Tenant in the land. A is giving B on ownership basis and free of cost 52.5% share of the land. In lieu of the same B is surrendering his tenancy rights to A with respect to the Balance 47.5% of the land. Are sections 50C and 50D of the IT Act applicable to A in the above transaction.
CAclubindia
