https://www.taxtmi.com/caselaws?id=368774 The Tribunal allowed the assessee's appeal in a case concerning the determination of deemed sale consideration under Section 50C of the Income Tax Act. The Tribunal held that the market value for Section 50C purposes should be based on the date of the sale agreement, not the registration date. By emphasizing the importance of assessing the transaction's nature at the agreement date, the Tribunal reversed the decision of the CIT(A) and ruled in favor of the assessee. en-us Wed, 10 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368774 The Tribunal allowed the assessee's appeal in a case concerning the determination of deemed sale consideration under Section 50C of the Income Tax Act. The Tribunal held that the market value for Section 50C purposes should be based on the date of the sale agreement, not the registration date. By emphasizing the importance of assessing the transaction's nature at the agreement date, the Tribunal reversed the decision of the CIT(A) and ruled in favor of the assessee. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368774