https://www.taxtmi.com/caselaws?id=342560 Section 50C requires the stamp duty value to be examined against the fair market value on the actual date of transfer, and where an agreement to sell creates enforceable rights and an encumbrance, the valuation cannot be concluded only by adopting the registered deed value. The matter may require reference to the Valuation Officer under section 50C(2), and the capital gains addition was therefore remanded for fresh adjudication. The claimed transfer and related computation also required factual verification and was restored for reconsideration, leaving capital gains to be re-examined by the Assessing Officer. en-us Fri, 05 May 2017 00:00:00 +0530 Mon, 08 May 2017 08:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342560 Section 50C requires the stamp duty value to be examined against the fair market value on the actual date of transfer, and where an agreement to sell creates enforceable rights and an encumbrance, the valuation cannot be concluded only by adopting the registered deed value. The matter may require reference to the Valuation Officer under section 50C(2), and the capital gains addition was therefore remanded for fresh adjudication. The claimed transfer and related computation also required factual verification and was restored for reconsideration, leaving capital gains to be re-examined by the Assessing Officer. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342560