Section 50C(1) provisos

Section 50C(1) provisos — the law in short

What the courts have decided on section 50C(1) provisos, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.

• Dharamshibhai Sonani v DCIT ITATHelps taxpayer
  I fixed the price in 2005 but registered the sale in 2007. Which date's stamp duty value applies?
  The agreement date. The Ahmedabad Tribunal held the proviso to s.50C inserted by the Finance Act, 2016 with effect from 1 April 2017, which allows the stamp duty value on the date of the agreement to be adopted, to be curative and therefore retrospective from 1 April 2003, when s.50C was introduced.

Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.