https://www.taxtmi.com/caselaws?id=778086 ITAT (Hyderabad - AT) held that where deemed consideration is apparent from the return and supported by AIR/sale deed, the AO may adjust it while processing under sec. 143(1). However, because title and a challenge to the Sub-Registrar's fair market value are pending before the Civil Court and HC, the SRO value cannot be treated as deemed consideration under sec. 50C; the AO should refer valuation to the DVO. The Tribunal set aside the CIT(A) order for want of clear direction and restored the matter to the AO for de novo consideration. Appeal allowed for statistical purposes. en-us Fri, 22 Aug 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778086 ITAT (Hyderabad - AT) held that where deemed consideration is apparent from the return and supported by AIR/sale deed, the AO may adjust it while processing under sec. 143(1). However, because title and a challenge to the Sub-Registrar's fair market value are pending before the Civil Court and HC, the SRO value cannot be treated as deemed consideration under sec. 50C; the AO should refer valuation to the DVO. The Tribunal set aside the CIT(A) order for want of clear direction and restored the matter to the AO for de novo consideration. Appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 22 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778086