https://www.taxtmi.com/caselaws?id=203679 Where an assessee disputes the stamp valuation adopted for transfer of property, section 50C(2) preserves a separate statutory safeguard by enabling a reference to the Valuation Officer when the prescribed conditions are met. A prior valuation by the stamp authority under the Stamp Act does not, by itself, extinguish that right or justify refusal of reference merely because the property value has already been determined under section 47A of the Stamp Act. The provision operates in addition to remedies under the Stamp Act and protects the assessee against adoption of an unchallenged stamp valuation without independent valuation review. en-us Wed, 26 May 2010 00:00:00 +0530 Tue, 11 Jun 2013 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203679 Where an assessee disputes the stamp valuation adopted for transfer of property, section 50C(2) preserves a separate statutory safeguard by enabling a reference to the Valuation Officer when the prescribed conditions are met. A prior valuation by the stamp authority under the Stamp Act does not, by itself, extinguish that right or justify refusal of reference merely because the property value has already been determined under section 47A of the Stamp Act. The provision operates in addition to remedies under the Stamp Act and protects the assessee against adoption of an unchallenged stamp valuation without independent valuation review. Case-Laws Income Tax Wed, 26 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203679