https://www.taxtmi.com/caselaws?id=211280 Transfer by handing over possession in part performance was treated as occurring on the date of possession under section 2(47)(v), so the later registration of the sale deed did not change the transfer date for capital gains. The prospective amendment expanding section 50C to unregistered transactions could not be applied retrospectively, and section 50C was therefore not applied to property No. 1 on the basis adopted by the lower authorities, with gains recomputed on the agreed consideration. For property No. 2, the stamp valuation was found excessive on the facts, the absence of a DVO reference was relevant, and the addition was restricted to a fair value for capital gains computation. en-us Tue, 03 Jan 2012 00:00:00 +0530 Mon, 12 Mar 2012 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211280 Transfer by handing over possession in part performance was treated as occurring on the date of possession under section 2(47)(v), so the later registration of the sale deed did not change the transfer date for capital gains. The prospective amendment expanding section 50C to unregistered transactions could not be applied retrospectively, and section 50C was therefore not applied to property No. 1 on the basis adopted by the lower authorities, with gains recomputed on the agreed consideration. For property No. 2, the stamp valuation was found excessive on the facts, the absence of a DVO reference was relevant, and the addition was restricted to a fair value for capital gains computation. Case-Laws Income Tax Tue, 03 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211280