https://www.taxtmi.com/caselaws?id=470385 For property allotted at a fixed consideration, where the entire consideration was paid through banking channels before the relevant assessment year, the allotment letter may constitute the agreement for applying the proviso to Section 56(2)(vii)(b). The stamp duty value on the allotment date, rather than the later registration date, is therefore relevant. A registered agreement that merely acknowledges the earlier fixed consideration does not establish investment in the year of registration. The addition based on registration-date stamp duty value was deleted, subject to verification of the allotment-date value and consequential tax liability. en-us Thu, 12 Mar 2026 00:00:00 +0530 Fri, 24 Jul 2026 21:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470385 For property allotted at a fixed consideration, where the entire consideration was paid through banking channels before the relevant assessment year, the allotment letter may constitute the agreement for applying the proviso to Section 56(2)(vii)(b). The stamp duty value on the allotment date, rather than the later registration date, is therefore relevant. A registered agreement that merely acknowledges the earlier fixed consideration does not establish investment in the year of registration. The addition based on registration-date stamp duty value was deleted, subject to verification of the allotment-date value and consequential tax liability. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470385