https://www.taxtmi.com/caselaws?id=787921 Deeming provision substituting declared consideration with stamp duty value is inapplicable where the stamp authority has revised the valuation for a fundamental factual error, and the revised lower valuation negates reliance on the original figure - deletion of the 50C addition follows. For under construction purchases, qualifying reinvestment is determined by substantive completion, staged payments and receipt of possession within the statutory period rather than the initial booking date, and the new under construction asset is excluded when applying the ownership proviso - exemption under 54F allowed. Penalty based solely on deleted additions and on interpretational controversy with full disclosure is deleted. en-us Mon, 09 Feb 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787921 Deeming provision substituting declared consideration with stamp duty value is inapplicable where the stamp authority has revised the valuation for a fundamental factual error, and the revised lower valuation negates reliance on the original figure - deletion of the 50C addition follows. For under construction purchases, qualifying reinvestment is determined by substantive completion, staged payments and receipt of possession within the statutory period rather than the initial booking date, and the new under construction asset is excluded when applying the ownership proviso - exemption under 54F allowed. Penalty based solely on deleted additions and on interpretational controversy with full disclosure is deleted. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787921