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2017 (8) TMI 335 - AT - Income TaxAddition u/s.50C - Replacing the full value of consideration by invoking the provisions of Sec.50C on the date on registration - assessee received the entire sales consideration by 21st December '2011 - Held that:- The transfer of the property was completed in terms of section 2(47) on date of agreement for sale. The registration of conveyance deed later was only a legal formality. Therefore, no additions are warranted u/s.50C by substituting the full value of consideration on the date of the registration of conveyance deed.
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