Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
Agreement-date stamp-duty valuation under section 56(2)(vii)(b)...
Agreement-date stamp valuation requires the same registered property, fixed consideration, and qualifying payment; an unrelated prior booking cannot apply.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Agreement-date stamp-duty valuation under section 56(2)(vii)(b) is available only where a pre-registration agreement fixes the consideration for the property ultimately registered and the prescribed non-cash payment condition is met. An earlier booking for a different flat with an erstwhile developer does not meet those requirements where the registered agreement concerns a new flat and a new developer, absent a legally established linkage between earlier payments and the later consideration. The stamp-duty value applicable to the subsequently registered transfer therefore governed the addition for the difference in value.
Agreement-date stamp-duty valuation under section 56(2)(vii)(b) is available only where a pre-registration agreement fixes the consideration for the property ultimately registered and the prescribed non-cash payment condition is met. An earlier booking for a different flat with an erstwhile developer does not meet those requirements where the registered agreement concerns a new flat and a new developer, absent a legally established linkage between earlier payments and the later consideration. The stamp-duty value applicable to the subsequently registered transfer therefore governed the addition for the difference in value.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
