https://www.taxtmi.com/caselaws?id=414314 Income mismatches between Form 26AS and the books must be tested against a proper reconciliation before any addition is finalised; here, the matter was restored for fresh consideration because the reconciliation was not examined. In relation to transfer of the godown, section 50C was treated as applicable to the capital asset transfer, but where the assessee disputes the stamp valuation and produces a valuation report, the statutory scheme requires consideration of reference to the Valuation Officer under section 50C(2). Both additions were therefore set aside for fresh adjudication. en-us Thu, 28 Oct 2021 00:00:00 +0530 Tue, 02 Nov 2021 09:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414314 Income mismatches between Form 26AS and the books must be tested against a proper reconciliation before any addition is finalised; here, the matter was restored for fresh consideration because the reconciliation was not examined. In relation to transfer of the godown, section 50C was treated as applicable to the capital asset transfer, but where the assessee disputes the stamp valuation and produces a valuation report, the statutory scheme requires consideration of reference to the Valuation Officer under section 50C(2). Both additions were therefore set aside for fresh adjudication. Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414314