https://www.taxtmi.com/caselaws?id=798567 Section 56(2)(vii)(b) does not apply to a property transaction that crystallised before the provision came into force merely because its conveyance was registered later. Where an allotment letter fixes consideration and substantial payment is made through banking channels before the provision's commencement, the allotment date is material. The stamp-duty value prevailing on the later registration date cannot be mechanically compared with consideration fixed at allotment. Consequently, no stamp-duty-value addition arises for such a pre-existing transaction. en-us Tue, 18 Aug 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798567 Section 56(2)(vii)(b) does not apply to a property transaction that crystallised before the provision came into force merely because its conveyance was registered later. Where an allotment letter fixes consideration and substantial payment is made through banking channels before the provision's commencement, the allotment date is material. The stamp-duty value prevailing on the later registration date cannot be mechanically compared with consideration fixed at allotment. Consequently, no stamp-duty-value addition arises for such a pre-existing transaction. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798567