https://www.taxtmi.com/caselaws?id=787375 Where stamp valuation exceeded consideration and that valuation was not under appeal, the conditions of section 50C(2) and the third proviso to section 56(2)(x)(b) are met, requiring the Assessing Officer to refer the matter to a Valuation Officer and to apply the valuation-reference provisions as far as practicable; failure to make that statutory reference and rejection of the assessee's valuation evidence as self-procured was contrary to this requirement. The order is set aside and the matter is restored to the Assessing Officer for de novo adjudication after obtaining a Valuation Officer report as mandated by the statute. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787375 Where stamp valuation exceeded consideration and that valuation was not under appeal, the conditions of section 50C(2) and the third proviso to section 56(2)(x)(b) are met, requiring the Assessing Officer to refer the matter to a Valuation Officer and to apply the valuation-reference provisions as far as practicable; failure to make that statutory reference and rejection of the assessee's valuation evidence as self-procured was contrary to this requirement. The order is set aside and the matter is restored to the Assessing Officer for de novo adjudication after obtaining a Valuation Officer report as mandated by the statute. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787375