https://www.taxtmi.com/caselaws?id=463652 ITAT, Mumbai held that adjustment under s.50C relating to adoption of stamp duty valuation cannot be effected by the Centralized Processing Centre under s.143(1); such deeming provision requires opportunity to object (including reference to DVO) and therefore can only be processed under s.143(3). The proposed addition under s.50C is beyond the mandate of s.143(1), and the matter is remitted to the file of the jurisdictional AO for adjudication in accordance with law. en-us Wed, 25 Oct 2023 00:00:00 +0530 Wed, 10 Sep 2025 19:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463652 ITAT, Mumbai held that adjustment under s.50C relating to adoption of stamp duty valuation cannot be effected by the Centralized Processing Centre under s.143(1); such deeming provision requires opportunity to object (including reference to DVO) and therefore can only be processed under s.143(3). The proposed addition under s.50C is beyond the mandate of s.143(1), and the matter is remitted to the file of the jurisdictional AO for adjudication in accordance with law. Case-Laws Income Tax Wed, 25 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463652