https://www.taxtmi.com/caselaws?id=785616 Dispute concerns capital gain computation where the assessing officer adopted its own valuation without referring to the competent valuation officer. The legal basis emphasises the assessing officers duty to refer valuation disputes to the District Valuation Officer even if the assessee did not specifically request it; consequence: matters should be referred to the DVO to determine fair market value and enable correct long-term capital gain computation. Where the assessee files a valuation report from a registered valuer and stamp valuation differs from purchase price, the assessing officer must refer to the DVO before making additions; consequence: issue remitted for fresh determination and recomputation. en-us Wed, 14 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785616 Dispute concerns capital gain computation where the assessing officer adopted its own valuation without referring to the competent valuation officer. The legal basis emphasises the assessing officers duty to refer valuation disputes to the District Valuation Officer even if the assessee did not specifically request it; consequence: matters should be referred to the DVO to determine fair market value and enable correct long-term capital gain computation. Where the assessee files a valuation report from a registered valuer and stamp valuation differs from purchase price, the assessing officer must refer to the DVO before making additions; consequence: issue remitted for fresh determination and recomputation. Case-Laws Income Tax Wed, 14 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785616