https://www.taxtmi.com/caselaws?id=466751 An adjustment under section 50C cannot be effected at the processing stage under section 143(1) because section 143(1) constitutes a self-contained code limiting actions at processing; applying section 50C during processing would deprive the assessee of the proviso remedy of reference to a Valuation Officer and upset the statutory balance of remedies between revenue and assessee, therefore the processing-stage enhancement of capital gains was deleted and the appeal allowed in favour of the assessee. en-us Tue, 25 Feb 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466751 An adjustment under section 50C cannot be effected at the processing stage under section 143(1) because section 143(1) constitutes a self-contained code limiting actions at processing; applying section 50C during processing would deprive the assessee of the proviso remedy of reference to a Valuation Officer and upset the statutory balance of remedies between revenue and assessee, therefore the processing-stage enhancement of capital gains was deleted and the appeal allowed in favour of the assessee. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466751