https://www.taxtmi.com/caselaws?id=345894 The appellant challenged the assessment based on stamp value assessment under Section 50C of the Income Tax Act for the assessment year 2006-07. Despite objections, the Assessing Officer upheld the stamp value assessment at Rs. 92,52,000. The District Valuation Officer later valued the property at Rs. 1,50,11,400. The Tribunal affirmed the assessment based on the stamp value. The court found the assessment in compliance with the law and dismissed the appeal, as the District Valuation Officer's valuation was considered a factual determination, not a legal issue. en-us Wed, 12 Jul 2017 00:00:00 +0530 Sat, 29 Jul 2017 07:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345894 The appellant challenged the assessment based on stamp value assessment under Section 50C of the Income Tax Act for the assessment year 2006-07. Despite objections, the Assessing Officer upheld the stamp value assessment at Rs. 92,52,000. The District Valuation Officer later valued the property at Rs. 1,50,11,400. The Tribunal affirmed the assessment based on the stamp value. The court found the assessment in compliance with the law and dismissed the appeal, as the District Valuation Officer's valuation was considered a factual determination, not a legal issue. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345894