Agreement Date Matters, Not Registration Date – Section 50C Proviso Retrospective

ACIT Vs South India Research Institute Private Limited (ITAT Visakhapatnam) Agreement Date Matters, Not Registration Date” – Visakhapatnam ITAT Holds s.50C Proviso Retrospective; Old MOU Saves Assessee from Crores in LTCG Visakhapatnam ITAT in ACIT, Circle-1(1), Vijayawada vs. South India Research Institute Pvt. Ltd. (ITA No.243/Viz/2025, AY 2016-17, order dated 19.12.2025) dismissed Revenue’s appeal and upheld deletion of massive LTCG addition made u/s 50C. Assessee had entered into an agreement/MOU as early as 25.05.2004, fixed consideration and received substantial advance through ban...