https://www.taxtmi.com/caselaws?id=68564 A registered conveyance takes effect from the date of its execution, not the date of registration, so the capital gain was attributable to the earlier assessment year and the later-year assessment could not be sustained on that basis. A stamp duty valuation, by itself, does not prove market value or receipt of extra consideration; absent independent evidence that the assessee received more than what was disclosed in the sale deed, the Revenue failed to discharge its burden and the addition was deleted. The reopening issue was left dependent on verification of the record. en-us Fri, 08 Nov 2002 00:00:00 +0530 Thu, 21 Jun 2012 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68564 A registered conveyance takes effect from the date of its execution, not the date of registration, so the capital gain was attributable to the earlier assessment year and the later-year assessment could not be sustained on that basis. A stamp duty valuation, by itself, does not prove market value or receipt of extra consideration; absent independent evidence that the assessee received more than what was disclosed in the sale deed, the Revenue failed to discharge its burden and the addition was deleted. The reopening issue was left dependent on verification of the record. Case-Laws Income Tax Fri, 08 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68564