Value on date of agreement is considered when date of agreement fixing consideration and date of registration of property is different

Neela Reddy Moramreddy Garu Vs ITO (ITAT Hyderabad) ITAT Hyderabad held that where the date of agreement fixing the amount of consideration and the date of registration of property is different, value adopted by stamp valuation authority on the date of agreement has to be taken for purposes of computing full value of consideration of such transfer. Facts- The assessee is an individual and engaged in the business of trading of shares. The case of the assessee was selected for scrutiny, however, AO passed order u/s 143(3) of the Act accepting the returned income. Subsequently, it was noticed th...