Capital Gain Taxability Under Section 50C: Execution vs. Sale Deed Registration date

Bhadresh Labhshankar Joshi Vs DCIT (ITAT Mumbai) The central legal issue examined in the above decision by the ITAT Mumbai revolves around the determination of the correct year of taxability of capital gains under Section 50C of the Income Tax Act, 1961. Specifically, the question is whether capital gains should be taxed in the year in which the sale deed is executed, even if the registration occurs in a subsequent year. The matter gains further significance in the context of Section 47 of the Registration Act, 1908, which provides that the date of registration of a document relates back to th...