https://www.taxtmi.com/caselaws?id=363273 Where an assessee objects to the stamp valuation during assessment under section 50C and a revision against that valuation is later pending, the valuation issue should be aligned with the final outcome of the revision proceedings before capital gains are computed. The initial objection before the Assessing Officer satisfied the statutory requirement for reference, and the later revision meant the stamp valuation could not be treated as settled. The proper course was to restore the matter for fresh consideration after the revision result, with reasonable opportunity to the assessee. en-us Fri, 06 Jul 2018 00:00:00 +0530 Thu, 16 Aug 2018 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363273 Where an assessee objects to the stamp valuation during assessment under section 50C and a revision against that valuation is later pending, the valuation issue should be aligned with the final outcome of the revision proceedings before capital gains are computed. The initial objection before the Assessing Officer satisfied the statutory requirement for reference, and the later revision meant the stamp valuation could not be treated as settled. The proper course was to restore the matter for fresh consideration after the revision result, with reasonable opportunity to the assessee. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363273