https://www.taxtmi.com/caselaws?id=372626 Capital gains could not be recomputed by substituting stamp duty valuation under section 50C where the agreed consideration had already been accepted by the Department under section 269UL(3) and the later development agreement was on the same terms as an earlier memorandum of understanding. The stamp valuation was based on a later date and a larger land area than that actually covered by the assessee's transfer of development rights, and no material showed that the assessee received the higher amount adopted for stamp duty purposes. Accordingly, the addition based on stamp duty value was not justified. en-us Tue, 11 Dec 2018 00:00:00 +0530 Wed, 26 Dec 2018 11:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372626 Capital gains could not be recomputed by substituting stamp duty valuation under section 50C where the agreed consideration had already been accepted by the Department under section 269UL(3) and the later development agreement was on the same terms as an earlier memorandum of understanding. The stamp valuation was based on a later date and a larger land area than that actually covered by the assessee's transfer of development rights, and no material showed that the assessee received the higher amount adopted for stamp duty purposes. Accordingly, the addition based on stamp duty value was not justified. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372626