https://www.taxtmi.com/article/detailed?id=1962 Where recorded sale consideration for land or building is below the stamp valuation, the stamp-adopted value is deemed the full consideration for capital gains; if the assessee disputes that stamp value exceeds fair market value and has not challenged it elsewhere, the Assessing Officer may refer valuation to a Valuation Officer whose report, if it yields a lower fair market value, may be adopted as the full value, whereas a higher Valuation Officer figure cannot supplant the stamp-adopted value. en-us Thu, 06 Dec 2012 11:19:33 +0530 Thu, 06 Dec 2012 11:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1962 Where recorded sale consideration for land or building is below the stamp valuation, the stamp-adopted value is deemed the full consideration for capital gains; if the assessee disputes that stamp value exceeds fair market value and has not challenged it elsewhere, the Assessing Officer may refer valuation to a Valuation Officer whose report, if it yields a lower fair market value, may be adopted as the full value, whereas a higher Valuation Officer figure cannot supplant the stamp-adopted value. Articles Income Tax Thu, 06 Dec 2012 11:19:33 +0530 https://www.taxtmi.com/article/detailed?id=1962