https://www.taxtmi.com/caselaws?id=300220 The note discusses the proviso to section 50C(1) of the Income-tax Act, which permits stamp valuation to be taken as on the agreement date where the agreement and registration dates differ. It states that the proviso is intended to remove hardship in genuine transfer arrangements where consideration is fixed earlier and part payment has been made before registration. The text further says the memorandum of understanding represented the operative arrangement on the facts, so the agreement-date valuation applied for computing capital gains and the addition was deleted. en-us Tue, 05 Jan 2021 00:00:00 +0530 Tue, 18 Jan 2022 08:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300220 The note discusses the proviso to section 50C(1) of the Income-tax Act, which permits stamp valuation to be taken as on the agreement date where the agreement and registration dates differ. It states that the proviso is intended to remove hardship in genuine transfer arrangements where consideration is fixed earlier and part payment has been made before registration. The text further says the memorandum of understanding represented the operative arrangement on the facts, so the agreement-date valuation applied for computing capital gains and the addition was deleted. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300220