Allowing the appeal of the assessee the Tribunal held that on the facts agreement for sale on entered 8-3 1993 and possession was handed over. Sale deed was executed on 9-3-2007. For computing guidance value of property value as on 8-3-1993 i.e. date of sale agreement to be considered and not value as on 9-3-2007. (AY. 2007-08)
Prakash Chand Bethala v. DCIT (2021) 188 ITD 135 / 88 ITR 290 / 205 DTR 47 / 212 TTJ 720 (Bang.)(Trib.)
S. 50C : Capital gains-Full value of consideration-Stamp valuation-Agreement for sale on 8-3 1993-Possession was handed over-Sale deed was executed on 9-3 2007-For computing guidance value of property value as on 8-3-1993 i.e. date of sale agreement to be considered and not value as on 9-3 2007. [S. 2(47), 45]