https://www.taxtmi.com/caselaws?id=787729 Section 50C substitution of declared consideration with stamp duty value cannot be made while processing a return under section 143(1)(a)(ii). The deeming provision gives the assessee a statutory right to object and seek referral to the Departmental Valuation Officer under section 50C(2), so the adjustment is not an incorrect claim apparent from information in the return. Non-response to a proposed adjustment under the first proviso to section 143(1)(a) does not expand the processing jurisdiction or cure an otherwise invalid adjustment. Such substitution requires regular assessment proceedings, and the upward adjustment was deleted. en-us Fri, 27 Feb 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787729 Section 50C substitution of declared consideration with stamp duty value cannot be made while processing a return under section 143(1)(a)(ii). The deeming provision gives the assessee a statutory right to object and seek referral to the Departmental Valuation Officer under section 50C(2), so the adjustment is not an incorrect claim apparent from information in the return. Non-response to a proposed adjustment under the first proviso to section 143(1)(a) does not expand the processing jurisdiction or cure an otherwise invalid adjustment. Such substitution requires regular assessment proceedings, and the upward adjustment was deleted. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787729