Section 50-C of the Act cannot be applied to the sale agreements ...
Sale Agreements Before April 1, 2003, Not Affected by Section 50-C if Delays are Justified and No Concealment Claims Exist.
August 23, 2013
Case Laws Income Tax AT
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 - AT
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