https://www.taxtmi.com/caselaws?id=421505 The proviso to Section 50C(1) was treated as curative because it removes the anomaly caused when the agreement date and registration date differ, so it applies retrospectively. Where the transfer agreement is genuine and part consideration has been received through banking channels on the agreement date, the stamp duty value for capital gains purposes is to be taken as on that date rather than the later registration date. On the facts, the agreement was accepted as genuine and the assessee was entitled to the agreement-date value. The Revenue's challenge failed and the computation in favour of the assessee was upheld. en-us Tue, 22 Mar 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421505 The proviso to Section 50C(1) was treated as curative because it removes the anomaly caused when the agreement date and registration date differ, so it applies retrospectively. Where the transfer agreement is genuine and part consideration has been received through banking channels on the agreement date, the stamp duty value for capital gains purposes is to be taken as on that date rather than the later registration date. On the facts, the agreement was accepted as genuine and the assessee was entitled to the agreement-date value. The Revenue's challenge failed and the computation in favour of the assessee was upheld. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421505