https://www.taxtmi.com/caselaws?id=403028 The Tribunal allowed the appeal, determining that the 6.55% difference between the sale consideration and stamp duty valuation fell within the permissible 10% limit. Consequently, Section 50C was deemed inapplicable, rejecting the AO's capital gains enhancement. The Tribunal held that the retrospective application of the third proviso to Section 50C(1) was justified from April 1, 2003, to address genuine variations. Other issues raised in the appeal were considered moot. en-us Fri, 15 Jan 2021 00:00:00 +0530 Wed, 25 Feb 2026 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403028 The Tribunal allowed the appeal, determining that the 6.55% difference between the sale consideration and stamp duty valuation fell within the permissible 10% limit. Consequently, Section 50C was deemed inapplicable, rejecting the AO's capital gains enhancement. The Tribunal held that the retrospective application of the third proviso to Section 50C(1) was justified from April 1, 2003, to address genuine variations. Other issues raised in the appeal were considered moot. Case-Laws Income Tax Fri, 15 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403028