https://www.taxtmi.com/caselaws?id=787522 Whether Section 56(2)(x) could be applied where the sale agreement was executed in 2010 but the sale deed was registered in 2018: the tribunal found the agreement date, substantial payment and possession in 2010 determinative and that the statutory provision relied on was not in force when the parties contracted; consequently imposing liability solely because of later registration would apply a provision retroactively. Procedural points on reassessment and advance tax did not alter this substantive temporal non applicability. The addition under the cited provision was deleted and the appeal allowed for the assessee. en-us Thu, 05 Mar 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787522 Whether Section 56(2)(x) could be applied where the sale agreement was executed in 2010 but the sale deed was registered in 2018: the tribunal found the agreement date, substantial payment and possession in 2010 determinative and that the statutory provision relied on was not in force when the parties contracted; consequently imposing liability solely because of later registration would apply a provision retroactively. Procedural points on reassessment and advance tax did not alter this substantive temporal non applicability. The addition under the cited provision was deleted and the appeal allowed for the assessee. Case-Laws Income Tax Thu, 05 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787522