https://www.taxtmi.com/caselaws?id=436920 Transfer of an immovable capital asset for capital gains purposes depends on the requirements of section 2(47)(v) read with section 53A of the Transfer of Property Act, as affected by registration requirements; a later registered sale deed can therefore fix the transfer date where an earlier understanding was not legally effective. Where section 50C valuation is disputed and consideration was received by banking mode on or before the agreement date, the agreement-date proviso may apply and the Assessing Officer must consider reference to the DVO under section 50C(2). A claim for higher legal expenses is allowable only on satisfactory evidence, and unsupported claims may be estimated reasonably by the Assessing Officer. en-us Thu, 20 Apr 2023 00:00:00 +0530 Mon, 24 Apr 2023 09:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436920 Transfer of an immovable capital asset for capital gains purposes depends on the requirements of section 2(47)(v) read with section 53A of the Transfer of Property Act, as affected by registration requirements; a later registered sale deed can therefore fix the transfer date where an earlier understanding was not legally effective. Where section 50C valuation is disputed and consideration was received by banking mode on or before the agreement date, the agreement-date proviso may apply and the Assessing Officer must consider reference to the DVO under section 50C(2). A claim for higher legal expenses is allowable only on satisfactory evidence, and unsupported claims may be estimated reasonably by the Assessing Officer. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436920