Topic

stamp duty value

2 articlesLatest June 2026
Section 50C IT Act | Consideration Deemed Realized on Account Payee Cheque Deposit, Not Sale Deed Execution, for Capital Gains: ITAT Jabalpur
Case Law Analysis
|Income Tax Appellate Tribunal

Section 50C IT Act | Consideration Deemed Realized on Account Payee Cheque Deposit, Not Sale Deed Execution, for Capital Gains: ITAT Jabalpur

ITAT Jabalpur rules that for capital gains computation under Section 50C, the consideration is deemed received on the date the account payee cheque is deposited into the seller’s account, not on the date of sale deed execution. This clarifies the timing of income recognition for sellers who receive part payment via crossed cheques, impacting how indexed cost and capital gains are calculated in delayed property transactions.

Section 50C Income Tax Act | Stamp Duty Value on MOU Date Prevails Over Registration Date for LTCG Computation : ITAT Mumbai
Case Law Analysis
|Income Tax Appellate Tribunal

Section 50C Income Tax Act | Stamp Duty Value on MOU Date Prevails Over Registration Date for LTCG Computation : ITAT Mumbai

ITAT Mumbai rules that for capital gains computation under Section 50C, the stamp duty value as on the date of the Memorandum of Understanding (MOU) applies, not the registration date, if procedural delays cause the transfer. This holding impacts taxpayers facing delays in property transfers, ensuring fair valuation for tax purposes.

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