https://www.taxtmi.com/caselaws?id=281507 For section 50C purposes, where an agreement to sell was acted upon and substantial consideration was received through banking channels before the agreement, the proviso allows the stamp duty value on the agreement date to be adopted instead of the registration date value. The proviso was treated as curative, so the lower authorities' use of the later registration-date valuation was not sustained on principle. The assessee was therefore accepted in principle on agreement-date valuation under section 50C, while the exact stamp duty value as on that date was left for limited verification by the Assessing Officer. en-us Wed, 06 Feb 2019 00:00:00 +0530 Fri, 21 Jun 2019 07:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281507 For section 50C purposes, where an agreement to sell was acted upon and substantial consideration was received through banking channels before the agreement, the proviso allows the stamp duty value on the agreement date to be adopted instead of the registration date value. The proviso was treated as curative, so the lower authorities' use of the later registration-date valuation was not sustained on principle. The assessee was therefore accepted in principle on agreement-date valuation under section 50C, while the exact stamp duty value as on that date was left for limited verification by the Assessing Officer. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281507