https://www.taxtmi.com/caselaws?id=796586 An unregistered allotment letter may constitute an agreement fixing consideration for the first proviso to section 56(2)(x) where consideration is paid through prescribed banking modes on or before the agreement. The proviso protects genuine property transactions in which consideration was fixed before registration but stamp duty value later increased; it does not require registration of the agreement. Requirements for registration to transfer title are distinct from determining when contractual consideration was agreed. However, entitlement depends on verifying the flat's identification, allotment, payment linkage, agreed consideration and applicable stamp duty valuation. en-us Thu, 09 Jul 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796586 An unregistered allotment letter may constitute an agreement fixing consideration for the first proviso to section 56(2)(x) where consideration is paid through prescribed banking modes on or before the agreement. The proviso protects genuine property transactions in which consideration was fixed before registration but stamp duty value later increased; it does not require registration of the agreement. Requirements for registration to transfer title are distinct from determining when contractual consideration was agreed. However, entitlement depends on verifying the flat's identification, allotment, payment linkage, agreed consideration and applicable stamp duty valuation. Case-Laws Income Tax Thu, 09 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796586