https://www.taxtmi.com/caselaws?id=760488 Section 56(2)(x) applies only to receipt of immovable property on or after 01.04.2017, and the relevant date depends on the legal operation of the conveyance. Where a compulsorily registrable deed was executed before that date, consideration had been paid, and the transfer was otherwise complete, section 47 of the Registration Act makes the registered instrument operate from the date of execution. The provisos to section 56(2)(x) do not change that operative date; they only permit use of the agreement-date stamp value in specified cases. On that basis, a post-01.04.2017 registration date did not bring the transaction within section 56(2)(x). en-us Fri, 18 Oct 2024 00:00:00 +0530 Tue, 22 Oct 2024 08:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760488 Section 56(2)(x) applies only to receipt of immovable property on or after 01.04.2017, and the relevant date depends on the legal operation of the conveyance. Where a compulsorily registrable deed was executed before that date, consideration had been paid, and the transfer was otherwise complete, section 47 of the Registration Act makes the registered instrument operate from the date of execution. The provisos to section 56(2)(x) do not change that operative date; they only permit use of the agreement-date stamp value in specified cases. On that basis, a post-01.04.2017 registration date did not bring the transaction within section 56(2)(x). Case-Laws Income Tax Fri, 18 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760488