Registration Date irrelevant for Sec 56(2)(vii)(b) as substantial obligation discharged on agreement date 

Siraj Ahmed Jamalbhai Bora Vs ITO (ITAT Mumbai) Issue in dispute had been directly addressed by the Co-ordinate Bench decision of Ranchi Tribunal which had been rightly relied upon by the ld. AR before us in the case of Bajrang Lal Naredi vs ITO in ITA No. 327/Ran/2018 for A.Y.2014-15 dated 20/01/2020, wherein the stamp duty value on the date of registration of the property on 17/06/2013 for Rs.22,60,000/-, whereas the stamp duty value at the time of agreement entered into in FY 2011-12 was Rs.18,89,350/- as against the actual consideration paid of Rs.9,10,000/-. The ld. AO in that case made a...