ITAT Upholds Addition on LTCG Under Section 50C for Unregistered Deeds

Hari Mittar Yadav Vs ITO (ITAT Mumbai) Introduction: In a recent ruling by the Income Tax Appellate Tribunal (ITAT) Mumbai in the case of Hari Mittar Yadav vs. ITO, the issue of long-term capital gains (LTCG) and the application of Section 50C came under scrutiny. The central question was whether the addition based on unregistered deeds entered on judicial stamp papers should be upheld or not. This article provides a detailed analysis of the case and its implications. Detailed Analysis: 1. Background of the Case: The appellant, Hari Mittar Yadav, challenged the order passed by the Commissioner...