Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (8) TMI 632 - AT - Income TaxApplicability of provisions of section 50-C of the Act - Date of agreement versus date of excution of agreement (i.e. conveyance deed) – Held that:- Relying upon the decision in the case of M. Siva Parvathi & Ors[2009 (10) TMI 618 - ITAT VISAKHAPATNAM], it is held that section 50-C of the Act cannot be applied to the sale agreements entered into before the introduction of the said provisions i.e before 1-4-2003 especially when delay in execution and registration of conveyance is sufficiently explained and there is no allegation of suppression of actual consideration – Decided in favor of Assessee.
|