https://www.taxtmi.com/caselaws?id=410692 The Tribunal allowed the appeal, setting aside the Assessing Officer's order that added Rs. 4,55,000 to the assessee's income. The Tribunal held that the minimal difference between the agreement value and the stamp duty value, which was within the tolerance limit specified in Section 50C, should not trigger the application of Section 50C. The Tribunal ruled in favor of the assessee, applying the curative amendment to Section 50C retrospectively to mitigate hardship for the taxpayer. en-us Thu, 01 Jul 2021 00:00:00 +0530 Sat, 07 Aug 2021 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410692 The Tribunal allowed the appeal, setting aside the Assessing Officer's order that added Rs. 4,55,000 to the assessee's income. The Tribunal held that the minimal difference between the agreement value and the stamp duty value, which was within the tolerance limit specified in Section 50C, should not trigger the application of Section 50C. The Tribunal ruled in favor of the assessee, applying the curative amendment to Section 50C retrospectively to mitigate hardship for the taxpayer. Case-Laws Income Tax Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410692