https://www.taxtmi.com/caselaws?id=782992 Where capital gains on transfer of plots were computed by adopting stamp valuation without making the statutory reference to the Departmental Valuation Officer under section 50C(2), the omission was treated as a material defect in the computation process. Because the Revenue did not dispute that no such reference had been made, the matter required fresh adjudication by the Assessing Officer in accordance with law. The remand was confined to recomputation of capital gains arising from the plots transferred in the relevant assessment year. en-us Thu, 27 Nov 2025 00:00:00 +0530 Mon, 08 Dec 2025 08:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782992 Where capital gains on transfer of plots were computed by adopting stamp valuation without making the statutory reference to the Departmental Valuation Officer under section 50C(2), the omission was treated as a material defect in the computation process. Because the Revenue did not dispute that no such reference had been made, the matter required fresh adjudication by the Assessing Officer in accordance with law. The remand was confined to recomputation of capital gains arising from the plots transferred in the relevant assessment year. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782992