https://www.taxtmi.com/caselaws?id=468814 The third proviso to section 50C, which expanded the tolerance band for variation between declared sale consideration and stamp valuation, was treated as curative and applied retrospectively to the assessment year in question. Because the difference here was 6.35%, it fell within the later 10% tolerance limit, so the declared consideration could not be substituted by the stamp duty value for capital gains computation. The addition made under section 50C was therefore held unsustainable, with the assessee succeeding on that issue. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 21 May 2026 18:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468814 The third proviso to section 50C, which expanded the tolerance band for variation between declared sale consideration and stamp valuation, was treated as curative and applied retrospectively to the assessment year in question. Because the difference here was 6.35%, it fell within the later 10% tolerance limit, so the declared consideration could not be substituted by the stamp duty value for capital gains computation. The addition made under section 50C was therefore held unsustainable, with the assessee succeeding on that issue. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468814