https://www.taxtmi.com/caselaws?id=374358 The Tribunal upheld the determination that the transfer of property occurred on the execution of the Registered Conveyance Deed, resulting in capital gain being charged. The stamp value on the date of the deed was considered as the full value of consideration for computing long-term capital gain. The Tribunal applied section 50C of the Income-tax Act, deeming the stamp value as consideration. The Tribunal found the amendments to section 50C to be retrospective and allowed deduction for expenses related to the transfer. The matter was remitted to the AO for recalculating capital gains. en-us Fri, 25 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374358 The Tribunal upheld the determination that the transfer of property occurred on the execution of the Registered Conveyance Deed, resulting in capital gain being charged. The stamp value on the date of the deed was considered as the full value of consideration for computing long-term capital gain. The Tribunal applied section 50C of the Income-tax Act, deeming the stamp value as consideration. The Tribunal found the amendments to section 50C to be retrospective and allowed deduction for expenses related to the transfer. The matter was remitted to the AO for recalculating capital gains. Case-Laws Income Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374358