https://www.taxtmi.com/caselaws?id=786900 Tribunal remitted assessments to the Assessing Officer to enforce the statutory valuation procedure where stamp-duty/market values were applied, directing that disputed valuations be referred to the Departmental Valuation Officer and capital gains be re-computed after affording opportunity to be heard. For transactions alleged to be cancelled, the AO must first examine cancellation evidence and, if not established, follow the DVO reference process and re-compute gains. The AO is also directed to verify and allow admissible deductions for cost of acquisition and cost of improvement when computing capital gains. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786900 Tribunal remitted assessments to the Assessing Officer to enforce the statutory valuation procedure where stamp-duty/market values were applied, directing that disputed valuations be referred to the Departmental Valuation Officer and capital gains be re-computed after affording opportunity to be heard. For transactions alleged to be cancelled, the AO must first examine cancellation evidence and, if not established, follow the DVO reference process and re-compute gains. The AO is also directed to verify and allow admissible deductions for cost of acquisition and cost of improvement when computing capital gains. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786900