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Capital Gain Valuation Date Governed by Agreement Date, Not Registration: Karnataka HC
Case Law Details
- Case Name
- PCIT Vs Bellandur Chikkagurappa Jayaramareddy (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- All High Courts, Karnataka High Court
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PCIT Vs Bellandur Chikkagurappa Jayaramareddy (Karnataka High Court)
Date of Agreement, Not Registration, Governs Capital Gain Valuation – Karnataka HC Upholds ITAT Relief Under Section 50C; Proviso to Section 50C Retrospective in Nature – MOU Date to Be Adopted for Stamp Value If Part Payment Made; High Court Dismisses Revenue Appeal – Reaffirms ITAT View That “Text of Section 50C Is Clear as Gangetic Waters”
Revenue appealed against the ITAT Bangalore order dated 05.01.2022 (in ITA No.1322/Bang/2019 for AY 2014-15) which had granted relief to Bellandur Chikkagurappa Jayaramareddy...
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