https://www.taxtmi.com/caselaws?id=456244 For capital gains computation under section 50C(1), where the agreement to sell and registration date differ but fall in the same financial year, the stamp duty value on the agreement date may be adopted if part consideration was received before that date by account payee cheque. The Finance Act, 2016 proviso was treated as curative and clarificatory, so the amendment applied retrospectively. On that basis, adopting the stamp duty value on the date of the sale deed was unsustainable and the Revenue's challenge failed. en-us Fri, 30 Jun 2023 00:00:00 +0530 Tue, 09 Jul 2024 19:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456244 For capital gains computation under section 50C(1), where the agreement to sell and registration date differ but fall in the same financial year, the stamp duty value on the agreement date may be adopted if part consideration was received before that date by account payee cheque. The Finance Act, 2016 proviso was treated as curative and clarificatory, so the amendment applied retrospectively. On that basis, adopting the stamp duty value on the date of the sale deed was unsustainable and the Revenue's challenge failed. Case-Laws Income Tax Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456244