https://www.taxtmi.com/caselaws?id=777542 ITAT upheld the AO and CIT(A)'s adoption of stamp duty value under s.50C as the full value of consideration, rejecting the lower deed value. Regarding s.54 exemption, ITAT found merit in the assessee's claim that the new residential property was purchased in a 2:1 ratio with the co-owner and directed the AO to verify actual contributions and grant exemption proportionately. On indexed cost of improvement, ITAT accepted that contractor bills and cash payments from nearly two decades ago could be credible despite lack of bank entries and indicated this fact warrants consideration by the AO. en-us Mon, 25 Aug 2025 00:00:00 +0530 Mon, 01 Sep 2025 08:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777542 ITAT upheld the AO and CIT(A)'s adoption of stamp duty value under s.50C as the full value of consideration, rejecting the lower deed value. Regarding s.54 exemption, ITAT found merit in the assessee's claim that the new residential property was purchased in a 2:1 ratio with the co-owner and directed the AO to verify actual contributions and grant exemption proportionately. On indexed cost of improvement, ITAT accepted that contractor bills and cash payments from nearly two decades ago could be credible despite lack of bank entries and indicated this fact warrants consideration by the AO. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777542