Stamp value on agreement date should be applied for section 56(2)(vii)(b) if conditions fulfilled

Sanjay Dattatraya Dapodikar Vs ITO (ITAT Pune) ITAT Pune rules in favor of Sanjay Dattatraya Dapodikar. Section 56(2)(vii)(b) not applicable in 2015, stamp value on 2008 agreement considered. Where date of agreement for fixing amount of consideration for purchase of a plot of land and date of registration of sale deed were different but assessee, prior to date of agreement, had paid a part of consideration by cheque, provisos to section 56(2)(vii)(b) being fulfilled, stamp value as on date of agreement should be applied for purpose of said section. First proviso to section 56(2)(vii)(b) of the...