ITAT Chennai grants tax relief for property sold below stamp value, citing RTGS payments

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Finance

11 August 2026 at 12:13 pm

ITAT Chennai grants tax relief for property sold below stamp value, citing RTGS payments

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Summary

The Income Tax Appellate Tribunal (ITAT) Chennai has granted tax relief in a case where a property was sold for ₹94 lakh despite a stamp value of ₹1.93 crore. The ruling stated that tax benefits could not be denied merely because the earlier agreement to sell was unregistered, as consideration was fixed and payments were made via RTGS.

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