https://www.taxtmi.com/article/detailed?id=11139 Assessee claimed a capital loss while AO invoked section 50C to adopt stamp duty value and added income; Commissioner (Appeals) confirmed additions without directing a valuation reference despite assessee's request. The tribunal found that valuation procedure under section 50C(2) had not been followed and that factual issues about temporary suspension and expenses warranted fresh consideration, and therefore remitted both issues to the Assessing Officer for reconsideration with opportunity of hearing. en-us Thu, 23 Feb 2023 08:57:09 +0530 Thu, 23 Feb 2023 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11139 Assessee claimed a capital loss while AO invoked section 50C to adopt stamp duty value and added income; Commissioner (Appeals) confirmed additions without directing a valuation reference despite assessee's request. The tribunal found that valuation procedure under section 50C(2) had not been followed and that factual issues about temporary suspension and expenses warranted fresh consideration, and therefore remitted both issues to the Assessing Officer for reconsideration with opportunity of hearing. Articles Income Tax Thu, 23 Feb 2023 08:57:09 +0530 https://www.taxtmi.com/article/detailed?id=11139