https://www.taxtmi.com/caselaws?id=790838 For section 56(2)(x), where an allotment letter fixes the consideration and records part payment through prescribed banking channels on or before that agreement date, the provisos apply and the relevant value is the stamp duty value linked to the agreement date rather than the later registration date. On the facts, the allotment letter operated as the agreement fixing consideration, the scheduled payments were made in line with that letter, and the authorities erred in treating registration as decisive. The addition based on stamp duty value as on the registration date was therefore unsustainable and was deleted. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790838 For section 56(2)(x), where an allotment letter fixes the consideration and records part payment through prescribed banking channels on or before that agreement date, the provisos apply and the relevant value is the stamp duty value linked to the agreement date rather than the later registration date. On the facts, the allotment letter operated as the agreement fixing consideration, the scheduled payments were made in line with that letter, and the authorities erred in treating registration as decisive. The addition based on stamp duty value as on the registration date was therefore unsustainable and was deleted. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790838