https://www.taxtmi.com/caselaws?id=399543 The proviso inserted in Section 50C(1) of the Income-tax Act, which permits adoption of the stamp valuation on the date of agreement where the agreement and registration dates differ, was treated as curative and intended to remove an unintended hardship in capital gains computation. The written sale agreement, banking-channel advance, and undisputed genuineness of the transaction supported application of that relief. Because the amendment rationalised valuation in such cases, it was held to operate retrospectively, and the assessee was entitled to its benefit rather than being confined to the higher stamp value on the registration date. en-us Mon, 28 Sep 2020 00:00:00 +0530 Fri, 10 Jul 2026 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399543 The proviso inserted in Section 50C(1) of the Income-tax Act, which permits adoption of the stamp valuation on the date of agreement where the agreement and registration dates differ, was treated as curative and intended to remove an unintended hardship in capital gains computation. The written sale agreement, banking-channel advance, and undisputed genuineness of the transaction supported application of that relief. Because the amendment rationalised valuation in such cases, it was held to operate retrospectively, and the assessee was entitled to its benefit rather than being confined to the higher stamp value on the registration date. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399543