https://www.taxtmi.com/caselaws?id=176203 For capital gains computation, transfer may arise on handing over possession in part performance of an agreement under section 2(47)(v) read with section 53A, rather than only on execution of the registered sale deed. The document also notes that section 50C should not be applied mechanically where the difference between declared consideration and the Valuation Officer's estimate is marginal and within normal valuation variance. On the facts, inconsistent recitals on the date of possession created doubt as to the precise transfer date, and the addition made by the Assessing Officer was found unsustainable; the CIT(A)'s deletion was upheld. en-us Fri, 29 Oct 2010 00:00:00 +0530 Tue, 16 May 2023 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176203 For capital gains computation, transfer may arise on handing over possession in part performance of an agreement under section 2(47)(v) read with section 53A, rather than only on execution of the registered sale deed. The document also notes that section 50C should not be applied mechanically where the difference between declared consideration and the Valuation Officer's estimate is marginal and within normal valuation variance. On the facts, inconsistent recitals on the date of possession created doubt as to the precise transfer date, and the addition made by the Assessing Officer was found unsustainable; the CIT(A)'s deletion was upheld. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176203