https://www.taxtmi.com/caselaws?id=11173 Apparent consideration under section 269UA(b) permits discounting only when deferred payment falls after the agreement and the value is treated as discounted as on the agreement date. Where the departmental payment under Chapter XX-C was made after the contractual due date, the transferor could not be subjected to discounting and the authority could not reduce the consideration on that basis. The retained sum towards transfer fees was also accepted as refundable, leaving refund and interest on that amount as the operative consequence. en-us Thu, 22 Jan 2004 00:00:00 +0530 Sat, 01 Aug 2009 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11173 Apparent consideration under section 269UA(b) permits discounting only when deferred payment falls after the agreement and the value is treated as discounted as on the agreement date. Where the departmental payment under Chapter XX-C was made after the contractual due date, the transferor could not be subjected to discounting and the authority could not reduce the consideration on that basis. The retained sum towards transfer fees was also accepted as refundable, leaving refund and interest on that amount as the operative consequence. Case-Laws Income Tax Thu, 22 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11173