2018 (10) TMI 1885

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....IONER(s) No. 1 for the RESPONDENT(s) No. 1 ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. The petitioner has challenged an order dated 19.03.2018 passed by the respondent Principal Commissioner of Income Tax rejecting the petitioner's revision petition under section 264 of the Income Tax Act, 1961 ('the Act' for short). In such order, the Commissioner noted that t....

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....f the Act which was inserted with effect from 01.04.2000, as per which, if the date of agreement fixing the amount of consideration and the date of registration for the transfer of capital asset are not the same, the value adopted or assessed or assessable by the stamp valuation authority on the date of agreement may be taken for the purposes of computing full value of consideration for such trans....