https://www.taxtmi.com/caselaws?id=776393 In capital gains computation, the Tribunal held that the registered sale consideration could be adopted instead of the stamp duty valuation under section 50C where the record showed the property was subject to Urban Land (Ceiling and Regulation) Act-related constraints and the actual consideration received was materially below the stamp duty value. Relying on an earlier decision involving similarly situated co-owners of the same property, the Tribunal accepted the declared consideration as reflecting the real transaction value and directed the Assessing Officer to compute capital gains on the assessee's share of that amount. en-us Fri, 03 Jan 2025 00:00:00 +0530 Sat, 09 Aug 2025 09:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776393 In capital gains computation, the Tribunal held that the registered sale consideration could be adopted instead of the stamp duty valuation under section 50C where the record showed the property was subject to Urban Land (Ceiling and Regulation) Act-related constraints and the actual consideration received was materially below the stamp duty value. Relying on an earlier decision involving similarly situated co-owners of the same property, the Tribunal accepted the declared consideration as reflecting the real transaction value and directed the Assessing Officer to compute capital gains on the assessee's share of that amount. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776393