https://www.taxtmi.com/caselaws?id=786890 For section 56(2)(x)(b), where an allotment letter records the terms of transfer of immovable property, identifies the unit, and is acted upon by both sides, it may be treated as an agreement to sell. If the consideration was fixed under that allotment and paid through banking channels before that date, the first and second provisos apply, so stamp duty value is taken with reference to the allotment date rather than the later registration date. The anti-abuse purpose of section 56(2)(x) does not displace this statutory exception. en-us Wed, 18 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786890 For section 56(2)(x)(b), where an allotment letter records the terms of transfer of immovable property, identifies the unit, and is acted upon by both sides, it may be treated as an agreement to sell. If the consideration was fixed under that allotment and paid through banking channels before that date, the first and second provisos apply, so stamp duty value is taken with reference to the allotment date rather than the later registration date. The anti-abuse purpose of section 56(2)(x) does not displace this statutory exception. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786890