https://www.taxtmi.com/caselaws?id=470925 Delayed property registration does not by itself trigger taxation of the difference between agreed consideration and stamp-duty value where the purchase agreement, payment and transfer evidence predate a subsequent amendment to Section 56(2)(vii)(b). A later-introduced provision cannot govern an earlier completed transaction merely because registration occurs later. An addition for unexplained stamp-duty and registration expenditure is unsustainable where bank records show fixed-deposit closure and transfer of funds for the payment, and no contrary evidence rebuts that disclosed source. The stated principles support deletion of additions based on later stamp-duty valuation and allegedly unexplained expenditure. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470925 Delayed property registration does not by itself trigger taxation of the difference between agreed consideration and stamp-duty value where the purchase agreement, payment and transfer evidence predate a subsequent amendment to Section 56(2)(vii)(b). A later-introduced provision cannot govern an earlier completed transaction merely because registration occurs later. An addition for unexplained stamp-duty and registration expenditure is unsustainable where bank records show fixed-deposit closure and transfer of funds for the payment, and no contrary evidence rebuts that disclosed source. The stated principles support deletion of additions based on later stamp-duty valuation and allegedly unexplained expenditure. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470925