Assessee sold her  50 per cent share in an agriculture land along with other co-owners of 50 per cent for a sale consideration of Rs. 60 lakhs in 2009 and received Rs. 30 lakhs as his share. The sale deed was registered  on 23-6-2010  value shown was at  Rs. 1.56 crores and 50 per cent share of assessee amounted to Rs. 78.12 lakhs. The AO  made addition for balance amount of Rs. 48.12 lakhs to assessee’s income. On appeal the Tribunal held that  section 50C would not be applicable where property was sold otherwise than by registered sale deed, therefore, deemed sale consideration of Rs. 1.56 crore as per section 50C could not be invoked impugned addition made to assessee’s income by Assessing Officer was to be deleted.  (AY. 2011-12)