https://www.taxtmi.com/caselaws?id=218738 Addition based on stamp valuation under section 50C could not be sustained without a clear factual finding on when transfer was completed and possession of the immovable property was actually handed over. The agreement to sell and sale deed indicated that possession was to follow execution of the sale deed, and no cogent evidence showed earlier delivery of possession by the assessee. Since capital gains taxation in the relevant year depended on the timing of transfer and possession, the existing findings were vacated and the matter was restored to the first appellate authority for fresh adjudication after examining the contractual terms and legal requirements governing transfer and part performance. en-us Wed, 25 Jan 2012 00:00:00 +0530 Sat, 24 Nov 2012 02:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218738 Addition based on stamp valuation under section 50C could not be sustained without a clear factual finding on when transfer was completed and possession of the immovable property was actually handed over. The agreement to sell and sale deed indicated that possession was to follow execution of the sale deed, and no cogent evidence showed earlier delivery of possession by the assessee. Since capital gains taxation in the relevant year depended on the timing of transfer and possession, the existing findings were vacated and the matter was restored to the first appellate authority for fresh adjudication after examining the contractual terms and legal requirements governing transfer and part performance. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218738