https://www.taxtmi.com/caselaws?id=786221 Section 50C applies only to substitute consideration for capital gains computation on the basis of the final stamp valuation, so the lower value finally determined by the Collector of Stamps had to be used and the assessment recomputed accordingly. The deeming fiction in section 50C could not be carried into section 54F, because exemption under that provision depends on the actual net consideration received and reinvested in a residential house. Since the entire actual sale consideration was reinvested, the assessee was entitled to full exemption under section 54F and consequential relief. en-us Thu, 05 Feb 2026 00:00:00 +0530 Mon, 09 Feb 2026 09:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786221 Section 50C applies only to substitute consideration for capital gains computation on the basis of the final stamp valuation, so the lower value finally determined by the Collector of Stamps had to be used and the assessment recomputed accordingly. The deeming fiction in section 50C could not be carried into section 54F, because exemption under that provision depends on the actual net consideration received and reinvested in a residential house. Since the entire actual sale consideration was reinvested, the assessee was entitled to full exemption under section 54F and consequential relief. Case-Laws Income Tax Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786221