https://www.taxtmi.com/caselaws?id=397207 The tribunal allowed the appeal of the assessee, ruling that no addition under Section 50C was warranted as the declared sale consideration exceeded the DLC rate. Emphasizing that Section 50C's deeming provisions should not be overextended, the tribunal noted the AO should have consulted the DVO if there was a valuation dispute. The decision was issued on 03/08/2020. en-us Mon, 03 Aug 2020 00:00:00 +0530 Sat, 08 Aug 2020 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397207 The tribunal allowed the appeal of the assessee, ruling that no addition under Section 50C was warranted as the declared sale consideration exceeded the DLC rate. Emphasizing that Section 50C's deeming provisions should not be overextended, the tribunal noted the AO should have consulted the DVO if there was a valuation dispute. The decision was issued on 03/08/2020. Case-Laws Income Tax Mon, 03 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397207