Capital Gain Valuation Date Governed by Agreement Date, Not Registration: Karnataka HC

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...