https://www.taxtmi.com/caselaws?id=785793 Addition under section 56(2)(x) challenged on ground that stamp duty value does not reflect fair market value due to title defects and encroachment; tribunal finds that where assessee contests stamp duty valuation the Assessing Officer must refer valuation to the District Valuation Officer for FMV determination. Because the AO did not refer the matter, the tribunal set aside the assessment and remitted the matter to the AO to obtain a DVO valuation after giving the assessee reasonable opportunity. The appeal is allowed for statistical purposes and the AO is directed to act in accordance with this procedure. en-us Wed, 28 Jan 2026 00:00:00 +0530 Sat, 31 Jan 2026 08:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785793 Addition under section 56(2)(x) challenged on ground that stamp duty value does not reflect fair market value due to title defects and encroachment; tribunal finds that where assessee contests stamp duty valuation the Assessing Officer must refer valuation to the District Valuation Officer for FMV determination. Because the AO did not refer the matter, the tribunal set aside the assessment and remitted the matter to the AO to obtain a DVO valuation after giving the assessee reasonable opportunity. The appeal is allowed for statistical purposes and the AO is directed to act in accordance with this procedure. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785793