https://www.taxtmi.com/caselaws?id=783552 Whether the AO could sustain an addition under s. 50C on the basis of stamp duty value without adequate transaction documentation and without ascertaining fair market value was the dominant issue. The tribunal held that, as the AO proceeded on assumptions in the absence of requisite material and the assessee claimed that market value was lower than stamp valuation, the matter required a valuation reference and consideration of full sale/purchase documentation; further, there was no merits finding and the first appellate authority dismissed the appeal in limine. Consequently, the assessment on s. 50C was set aside and the matter was remitted to the AO with a direction to obtain a DVO report and decide afresh in accordance with law; the appeal was allowed for statistical purposes. en-us Wed, 10 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783552 Whether the AO could sustain an addition under s. 50C on the basis of stamp duty value without adequate transaction documentation and without ascertaining fair market value was the dominant issue. The tribunal held that, as the AO proceeded on assumptions in the absence of requisite material and the assessee claimed that market value was lower than stamp valuation, the matter required a valuation reference and consideration of full sale/purchase documentation; further, there was no merits finding and the first appellate authority dismissed the appeal in limine. Consequently, the assessment on s. 50C was set aside and the matter was remitted to the AO with a direction to obtain a DVO report and decide afresh in accordance with law; the appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783552