https://www.taxtmi.com/caselaws?id=371747 Section 50C can be applied on the basis of stamp valuation where the conveyance record is incomplete, but any later alteration in the stamp-determined value may be addressed through the statutory revision mechanism under section 155(15). For cost of acquisition, the assessee must substantiate the claimed fair market value as on 01.04.1981 with credible evidence; a deficient valuer's report and unsupported assertions may be rejected in favour of the purchase price with appropriate appreciation. Salary additions based on a disputed certificate require verification against the return and corrected records before relief is granted. en-us Tue, 04 Dec 2018 00:00:00 +0530 Sat, 08 Dec 2018 19:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371747 Section 50C can be applied on the basis of stamp valuation where the conveyance record is incomplete, but any later alteration in the stamp-determined value may be addressed through the statutory revision mechanism under section 155(15). For cost of acquisition, the assessee must substantiate the claimed fair market value as on 01.04.1981 with credible evidence; a deficient valuer's report and unsupported assertions may be rejected in favour of the purchase price with appropriate appreciation. Salary additions based on a disputed certificate require verification against the return and corrected records before relief is granted. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371747