https://www.taxtmi.com/caselaws?id=784930 Whether an assessing officer may invoke section 50C to substitute stamp-duty value for declared sale consideration while processing an ITR under section 143(1): held that such adjustment is impermissible; following precedent, no addition under section 50C can be made in summary processing under section 143(1), and the adjustment made by the AO was illegal - appeal allowed. Whether the assessee must be afforded an option for valuation by the DVO: applying authority, the AO has a duty to offer the assessee the statutory option of DVO valuation to avoid miscarriage of justice, and the DVO valuation must be used if elected. en-us Wed, 07 Jan 2026 00:00:00 +0530 Wed, 14 Jan 2026 08:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784930 Whether an assessing officer may invoke section 50C to substitute stamp-duty value for declared sale consideration while processing an ITR under section 143(1): held that such adjustment is impermissible; following precedent, no addition under section 50C can be made in summary processing under section 143(1), and the adjustment made by the AO was illegal - appeal allowed. Whether the assessee must be afforded an option for valuation by the DVO: applying authority, the AO has a duty to offer the assessee the statutory option of DVO valuation to avoid miscarriage of justice, and the DVO valuation must be used if elected. Case-Laws Income Tax Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784930