https://www.taxtmi.com/caselaws?id=790243 Where the stamp valuation does not exceed 105% of the actual consideration, the third proviso to section 50C(1) operates as a safe harbour and the actual sale consideration must be adopted for capital gains computation. The tribunal treated this proviso as retrospective from 1 April 2003 and applied it to the assessee's case, where the stamp value exceeded the stated consideration by only about 1.19%. On that basis, invoking section 50C to substitute the stamp valuation was unsustainable, and the full value of consideration had to be taken at the actual amount received. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790243 Where the stamp valuation does not exceed 105% of the actual consideration, the third proviso to section 50C(1) operates as a safe harbour and the actual sale consideration must be adopted for capital gains computation. The tribunal treated this proviso as retrospective from 1 April 2003 and applied it to the assessee's case, where the stamp value exceeded the stated consideration by only about 1.19%. On that basis, invoking section 50C to substitute the stamp valuation was unsustainable, and the full value of consideration had to be taken at the actual amount received. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790243