https://www.taxtmi.com/caselaws?id=206301 Issue concerns computation of long-term capital gains on transfer of immovable property where sale agreement predates a subsequently enacted valuation provision. The tribunal applied non-retroactivity, holding the later valuation provision inapplicable to the pre-existing agreement and accepted that final registration fulfilled a prior contractual obligation, with no suppression of consideration. The tribunal allowed payments made to competing claimants to clear encumbrances and permitted a reasonable estimate for vacation, litigation and broker expenses (quantified at Rs. 8 lakhs) to reduce capital gains. Indexation was allowed by including period of prior owner under succession principles; cost adoption based on registrar certification was upheld against assessees' challenge. en-us Wed, 21 Oct 2009 00:00:00 +0530 Tue, 13 Jan 2026 17:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206301 Issue concerns computation of long-term capital gains on transfer of immovable property where sale agreement predates a subsequently enacted valuation provision. The tribunal applied non-retroactivity, holding the later valuation provision inapplicable to the pre-existing agreement and accepted that final registration fulfilled a prior contractual obligation, with no suppression of consideration. The tribunal allowed payments made to competing claimants to clear encumbrances and permitted a reasonable estimate for vacation, litigation and broker expenses (quantified at Rs. 8 lakhs) to reduce capital gains. Indexation was allowed by including period of prior owner under succession principles; cost adoption based on registrar certification was upheld against assessees' challenge. Case-Laws Income Tax Wed, 21 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206301