ITAT Chennai Grants Tax Relief on ₹94 Lakh Property Sale

ITAT Chennai has ruled that tax relief is valid for a property sold for ₹94 lakh despite a ₹1.93 crore stamp value. The court emphasized that the tax benefit cannot be denied due to an unregistered earlier agreement, as the sale consideration was established beforehand and payments were made via RTGS. This decision highlights the importance of payment methods in property transactions.