https://www.taxtmi.com/caselaws?id=398289 For section 50C purposes, where an enforceable agreement to sell fixes the consideration and part of that consideration is received through account payee cheque before registration, the stamp duty value on the agreement date may be adopted as the full value of consideration. The Tribunal treated the later legislative amendment recognising relief in such cases as clarificatory. On those facts, the addition based on the stamp duty value as on the registration date was not sustainable, and the capital gains computation had to proceed with reference to the agreement date. en-us Tue, 08 Sep 2020 00:00:00 +0530 Fri, 11 Sep 2020 15:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398289 For section 50C purposes, where an enforceable agreement to sell fixes the consideration and part of that consideration is received through account payee cheque before registration, the stamp duty value on the agreement date may be adopted as the full value of consideration. The Tribunal treated the later legislative amendment recognising relief in such cases as clarificatory. On those facts, the addition based on the stamp duty value as on the registration date was not sustainable, and the capital gains computation had to proceed with reference to the agreement date. Case-Laws Income Tax Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398289