https://www.taxtmi.com/caselaws?id=470432 For Section 56(2)(vii)(b), where an agreement fixes the consideration and part consideration is paid through banking channels before the agreement date, the first and second provisos require the stamp duty value to be adopted as on the agreement date rather than the later registration date. Delayed registration following fulfilment of the vendors' contractual obligations, and enhanced consideration as compensation for delayed payment, do not alter that applicable valuation date. As the registering authority accepted the original agreement and assessed stamp duty value on that date, that value was determinative; consequently, no addition under Section 56(2)(vii)(b) was sustainable. en-us Thu, 20 Mar 2025 00:00:00 +0530 Mon, 27 Jul 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470432 For Section 56(2)(vii)(b), where an agreement fixes the consideration and part consideration is paid through banking channels before the agreement date, the first and second provisos require the stamp duty value to be adopted as on the agreement date rather than the later registration date. Delayed registration following fulfilment of the vendors' contractual obligations, and enhanced consideration as compensation for delayed payment, do not alter that applicable valuation date. As the registering authority accepted the original agreement and assessed stamp duty value on that date, that value was determinative; consequently, no addition under Section 56(2)(vii)(b) was sustainable. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470432