Stamp Duty Valuation for Property: Booking vs Registration Date

Stamp duty value on the date of registration of the property as against valuation on the date of booking of the flats

Quick Summary

This Income Tax Appellate Tribunal ruling clarifies stamp duty valuation for property. The tribunal found that the stamp duty valuation on the date of booking the property should be considered, not the valuation on the date of registration. The Assessing Officer had correctly applied this provision, leading to the allowance of the assessee's appeal.

Court :
ITAT Mumbai

Brief :
This appeal in ITA No.545/Mum/2021 for A.Y.2015-16 preferred by the order against the revision order of the ld. Principal Commissioner of Income Tax-20, Mumbai u/s.263 of the Act dated 11/03/2021 for the A.Y.2015-16.

Citation :
ITA No.545/Mum/2021

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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Attached File : 1442821_4346_1630566401_ita_no_545_2021_akib_arif_patel.pdf

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Judgement posted by

Poojitha Raam Vinay

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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