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Agreement Date Matters, Not Registration Date – Section 50C Proviso Retrospective
Case Law Details
- Case Name
- ACIT Vs South India Research Institute Private Limited (ITAT Visakhapatnam)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Visakhapatnam
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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 ad...
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