https://www.taxtmi.com/caselaws?id=18656 Under Chapter XX-C, deferred sale consideration payable after the agreement date is to be treated as its discounted value on the agreement date under section 269UA(b), so the apparent consideration is reduced only to that extent. Stamp duty and registration charges that the transferor agreed to bear cannot be deducted where no conveyance deed is actually executed on a pre-emptive purchase under section 269UD; the statutory payable amount under section 269UF is confined to the apparent consideration and the limited set-offs expressly permitted under section 269UG. Hypothetical conveyance expenses outside that mechanism are not deductible. en-us Tue, 19 Jul 1994 00:00:00 +0530 Sat, 31 Oct 2009 11:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18656 Under Chapter XX-C, deferred sale consideration payable after the agreement date is to be treated as its discounted value on the agreement date under section 269UA(b), so the apparent consideration is reduced only to that extent. Stamp duty and registration charges that the transferor agreed to bear cannot be deducted where no conveyance deed is actually executed on a pre-emptive purchase under section 269UD; the statutory payable amount under section 269UF is confined to the apparent consideration and the limited set-offs expressly permitted under section 269UG. Hypothetical conveyance expenses outside that mechanism are not deductible. Case-Laws Income Tax Tue, 19 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18656