https://www.taxtmi.com/caselaws?id=367960 Section 50C valuation for immovable property was treated as referable to the date of agreement to sell where the agreement preceded registration and part consideration had been received by account payee cheque. The Finance Act, 2016 proviso was regarded as clarificatory, so the stamp duty value on the agreement date was to be considered in such cases; the matter was sent back for recomputation of capital gains on that basis. Advance sale consideration invested in specified bonds before execution of the sale deed was also treated as eligible for section 54EC relief, because earnest or advance money forms part of sale consideration and the time condition was not applied hypertechnically. en-us Wed, 26 Sep 2018 00:00:00 +0530 Tue, 13 Nov 2018 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367960 Section 50C valuation for immovable property was treated as referable to the date of agreement to sell where the agreement preceded registration and part consideration had been received by account payee cheque. The Finance Act, 2016 proviso was regarded as clarificatory, so the stamp duty value on the agreement date was to be considered in such cases; the matter was sent back for recomputation of capital gains on that basis. Advance sale consideration invested in specified bonds before execution of the sale deed was also treated as eligible for section 54EC relief, because earnest or advance money forms part of sale consideration and the time condition was not applied hypertechnically. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367960