https://www.taxtmi.com/caselaws?id=297632 The Tribunal allowed the appeal, deleting the addition of long term capital gain based on fair market value made by the Assessing Officer. It held that the stamp duty value as of the agreement date in 2009 should be considered for capital gain computation, applying the amended provisions retrospectively from AY 2003-04. The Tribunal emphasized the consistency in the terms of agreements in 2009 and 2012 and referred to a previous decision supporting the retrospective effect of the amendment to Section 50C. en-us Tue, 19 Mar 2019 00:00:00 +0530 Wed, 15 Sep 2021 08:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297632 The Tribunal allowed the appeal, deleting the addition of long term capital gain based on fair market value made by the Assessing Officer. It held that the stamp duty value as of the agreement date in 2009 should be considered for capital gain computation, applying the amended provisions retrospectively from AY 2003-04. The Tribunal emphasized the consistency in the terms of agreements in 2009 and 2012 and referred to a previous decision supporting the retrospective effect of the amendment to Section 50C. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297632