https://www.taxtmi.com/caselaws?id=241239 Section 50C was treated as inapplicable to a transfer arising from a development agreement executed before that provision came into force. The relevant transaction was analysed as a composite arrangement under the 2000 agreement, so the value could not be substituted by applying a later-enacted deeming provision to an earlier contractual structure. The determining factors were the handing over of possession and the contractual terms, rather than the subsequent registration stage. On that basis, the assessee was entitled to succeed on the applicability of section 50C. en-us Mon, 21 Oct 2013 00:00:00 +0530 Thu, 19 Dec 2013 06:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241239 Section 50C was treated as inapplicable to a transfer arising from a development agreement executed before that provision came into force. The relevant transaction was analysed as a composite arrangement under the 2000 agreement, so the value could not be substituted by applying a later-enacted deeming provision to an earlier contractual structure. The determining factors were the handing over of possession and the contractual terms, rather than the subsequent registration stage. On that basis, the assessee was entitled to succeed on the applicability of section 50C. Case-Laws Income Tax Mon, 21 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241239