https://www.taxtmi.com/caselaws?id=799148 For property acquired through allotment, section 56(2)(x) requires stamp duty value to be determined as on the agreement or allotment date, rather than the conveyance-registration date, where consideration was paid through banking channels before registration. Formation records, trustee confirmation, a pre-existing bank account, developer confirmation and banking-channel payment supported the trust's existence and the booking advance before PAN incorporation. Because the stamp duty value on the relevant allotment date was lower than the purchase consideration, no addition for alleged excess stamp duty value was sustainable. en-us Tue, 15 Sep 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799148 For property acquired through allotment, section 56(2)(x) requires stamp duty value to be determined as on the agreement or allotment date, rather than the conveyance-registration date, where consideration was paid through banking channels before registration. Formation records, trustee confirmation, a pre-existing bank account, developer confirmation and banking-channel payment supported the trust's existence and the booking advance before PAN incorporation. Because the stamp duty value on the relevant allotment date was lower than the purchase consideration, no addition for alleged excess stamp duty value was sustainable. Case-Laws Income Tax Tue, 15 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799148