https://www.taxtmi.com/caselaws?id=293537 The ITAT ruled in favor of the assessee, determining that the Stamp Duty Value for capital gains calculation under Section 50C should be based on the date of the sale agreement rather than the sale deed date. This decision was influenced by evidence of advance payment through cheques and aligned with previous tribunal precedents. Consequently, both appeals were partly allowed, emphasizing the significance of the sale agreement date in capital gain assessments. Other grounds were not pressed and hence rejected. en-us Fri, 07 Feb 2020 00:00:00 +0530 Wed, 13 Nov 2024 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293537 The ITAT ruled in favor of the assessee, determining that the Stamp Duty Value for capital gains calculation under Section 50C should be based on the date of the sale agreement rather than the sale deed date. This decision was influenced by evidence of advance payment through cheques and aligned with previous tribunal precedents. Consequently, both appeals were partly allowed, emphasizing the significance of the sale agreement date in capital gain assessments. Other grounds were not pressed and hence rejected. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293537