https://www.taxtmi.com/caselaws?id=285961 A registered sale deed conveying an interest in land and building constitutes a transfer of a capital asset chargeable to long-term capital gains, and section 50C applies to adopt the stamp valuation as the full value of consideration. The assessee's claim that the transfer was only on behalf of another person was not established from the record, so the capital gains addition was sustained. The plea to substitute the fair market value as on 1.4.1981 in place of the original cost of acquisition was also rejected because indexation had already been allowed on the original cost, and no further benefit survived. en-us Mon, 21 Nov 2016 00:00:00 +0530 Wed, 05 Feb 2020 13:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285961 A registered sale deed conveying an interest in land and building constitutes a transfer of a capital asset chargeable to long-term capital gains, and section 50C applies to adopt the stamp valuation as the full value of consideration. The assessee's claim that the transfer was only on behalf of another person was not established from the record, so the capital gains addition was sustained. The plea to substitute the fair market value as on 1.4.1981 in place of the original cost of acquisition was also rejected because indexation had already been allowed on the original cost, and no further benefit survived. Case-Laws Income Tax Mon, 21 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285961