https://www.taxtmi.com/article/detailed?id=14032 Section 143(1)(a)(ii) permits correction of an incorrect claim apparent from the return only for entries inconsistent within the return, missing prescribed information, or deductions exceeding statutory limits. Section 50C is a deeming provision for stamp duty valuation that requires referral to the Departmental Valuation Officer when the assessee objects; if the DVO's value is lower, that value governs capital gains. An addition premised on guidance value cannot be treated as an apparent incorrect claim under return processing without complying with the Section 50C referral procedure. en-us Sat, 05 Apr 2025 08:25:13 +0530 Sat, 05 Apr 2025 08:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14032 Section 143(1)(a)(ii) permits correction of an incorrect claim apparent from the return only for entries inconsistent within the return, missing prescribed information, or deductions exceeding statutory limits. Section 50C is a deeming provision for stamp duty valuation that requires referral to the Departmental Valuation Officer when the assessee objects; if the DVO's value is lower, that value governs capital gains. An addition premised on guidance value cannot be treated as an apparent incorrect claim under return processing without complying with the Section 50C referral procedure. Articles Income Tax Sat, 05 Apr 2025 08:25:13 +0530 https://www.taxtmi.com/article/detailed?id=14032