https://www.taxtmi.com/caselaws?id=448293 The ITAT Visakhapatnam held that for capital gain computation under section 50C, when the date of agreement and registration differ, the stamp duty value on the agreement date should be adopted, not the registration date value. The assessee had entered into an agreement on 30/12/2015 with part consideration received on 14/8/2014. The tribunal found merit in the assessee's argument that section 50C provisions requiring stamp duty valuation on sale deed date were inapplicable. Instead, the value on agreement date/advance receipt date must be used. The AO was directed to adopt actual sale consideration declared on the agreement date for computing capital gains. The assessee's grounds were partly allowed. en-us Wed, 10 Jan 2024 00:00:00 +0530 Tue, 16 Jan 2024 08:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448293 The ITAT Visakhapatnam held that for capital gain computation under section 50C, when the date of agreement and registration differ, the stamp duty value on the agreement date should be adopted, not the registration date value. The assessee had entered into an agreement on 30/12/2015 with part consideration received on 14/8/2014. The tribunal found merit in the assessee's argument that section 50C provisions requiring stamp duty valuation on sale deed date were inapplicable. Instead, the value on agreement date/advance receipt date must be used. The AO was directed to adopt actual sale consideration declared on the agreement date for computing capital gains. The assessee's grounds were partly allowed. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448293