https://www.taxtmi.com/caselaws?id=221505 The Court dismissed the Tax Case Appeal, upholding the Tribunal's decision against the Revenue. It clarified that Section 50C of the Income Tax Act, post the 2009 amendment, applies prospectively to unregistered property transfers. The Court emphasized adherence to circulars issued by the Board in tax matters, ruling that the pre-amendment transfer in this case does not fall under Section 50C. en-us Wed, 06 Mar 2013 00:00:00 +0530 Tue, 02 Jul 2013 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221505 The Court dismissed the Tax Case Appeal, upholding the Tribunal's decision against the Revenue. It clarified that Section 50C of the Income Tax Act, post the 2009 amendment, applies prospectively to unregistered property transfers. The Court emphasized adherence to circulars issued by the Board in tax matters, ruling that the pre-amendment transfer in this case does not fall under Section 50C. Case-Laws Income Tax Wed, 06 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221505