Case Name : Shrichand raheja of bombay, indian inhabitant v. S.C. Prasad
Citation : 77 taxman 74 (bom.)
Court : Bombay High Court
Section : 269ua to 269ug
Meaning : The expression ‘as on the date of the agreement for transfer’ refers to the consideration payable on that date and is not indicative of commencement of period to ascertain discounted value. The words ‘as on the date of the agreement for transfer’ relate only to earlier words ‘such consideration’ and not to the ‘discounted value’.