this regard we have to consider
the scope of Section 50 and Section 50B of the Act. In our view
assessee's claim ... Sections 48
and 49 net worth has to be computed in terms of explanation 1 of
the said Section. The capital gain under Section 50B
shall have the same
meaning as in clause (d) of section 269UA.
xxx
Section 50B. Special provision for computation of
capital gains in case ... transfers" under Section 2(47) . This is apparent as when we
read the proviso and sub-section (1) to Section 50B together
short and interesting question as to the scope and interpretation of Section 50B of the Estate Duty Act, 1953 ("the Act", for short ... which she duly paid. Basing on the provisions of Section 50B of the Act, she claimed to be entitled to a rebate respecting this payment
slump sale basis.
To address this issue, Section 2(42C) and Section 50B of the Act were
ITA 1003/2011 Page 4 of 31
introduced ... part of Section 43 of the Act. In the
circumstances, clause (a) of Explanation 2 to Section 50B of the Act must be
read
Collector, such
transfer is invalid. In other words, sub section (2) of
section 50B does not lay down that any transfer of land in
contravention ... Lands Act, 1948
was invalid u/s 43 (2) thereof. Section 43 (1) and (2) are
paramateria with section 50B
computation
of capital gains in case of slump sale. Sub-Section (1) of Section 50B
of the Act reads as follows :
“Any profits or gains ... held that section
2(42C) of the Act was inapplicable. If that was
not applicable and was not attracted, then,
section 50B was also inapplicable
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
