where the assessee had booked a flat with builder and subsequently surrendered his right in favour of third person under a tripartite agreement between assessee, builder and third person, it has been held by the tribunal that section 50C cannot be applied

where the assessee had booked a flat with builder and subsequently surrendered his right in favour of third person under a tripartite agreement between assessee, builder and third person, it has been held by the tribunal that section 50C cannot be applied. 52 SOT 344 (Ahd)