Sec. 50C of Income Tax Act, 1961 — Capital gains — Special provision for computation of capital gains in certain cases — Provisions of sec. 50C cannot be invoked as sec. 50C applies only to a capital asset, being land or building or both, it cannot be made applicable to lease rights in a land as the assessee has transferred leasehold right for 99 years in the shop and not land itself — RITZ SUPPLIERS (P.) LTD. Vs. ITO [2020] 204 TTJ 383 (ITAT-KOLKATA)