In absence of agreement SDV on First Digital Payment date can be adopted for Section 50C & 56(2)(x)

Radha Kishan Kungwani Vs ITO (ITAT Jaipur) The issue under consideration is whether the stamp duty valuation at the time of first digital payment can be adopted if the agreement to sale is lost or inaccessible for any reason whatsoever? ITAT states that, as per clause (b) of sub-section (2)(vii), if the assessee has received immovable property for a consideration which is less than the stamp duty value, the value of such property as exceeds such consideration shall be chargeable to income tax under the head income from other sources. However, the first and second proviso carve out the exceptio...