https://www.taxtmi.com/caselaws?id=282860 For capital-gains computation, the curative provisos to Section 50C allow adoption of stamp-duty value on the agreement date where consideration was fixed earlier and part payment was received through prescribed banking modes; treated as retrospective, they require recomputation after verification of the agreement's genuineness and statutory conditions. A fresh residential-property investment deduction may be raised before appellate authorities despite not being claimed in the return, but requires factual verification. The claimed fair market value of ancestral property as on 01.04.1981 also requires verification where supporting valuation material was first produced before the Tribunal. All issues were remanded for fresh examination after giving the assessee reasonable opportunity. en-us Thu, 06 Jun 2019 00:00:00 +0530 Thu, 06 Aug 2026 16:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282860 For capital-gains computation, the curative provisos to Section 50C allow adoption of stamp-duty value on the agreement date where consideration was fixed earlier and part payment was received through prescribed banking modes; treated as retrospective, they require recomputation after verification of the agreement's genuineness and statutory conditions. A fresh residential-property investment deduction may be raised before appellate authorities despite not being claimed in the return, but requires factual verification. The claimed fair market value of ancestral property as on 01.04.1981 also requires verification where supporting valuation material was first produced before the Tribunal. All issues were remanded for fresh examination after giving the assessee reasonable opportunity. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282860