Deputy Commissioner Of Income Tax, ... vs Neelkamal Realtors And Builders And ... on 8 January, 2019
(d) Sec. 50C does not apply to determine Business Income Without prejudice, the
ld. AO failed to appreciate that section 50C does not apply to transactions
determining 'Profits and gains of business or profession', as held by hon'ble
Bombay HC in CIT v Neelkamal Realtors.