https://www.taxtmi.com/caselaws?id=787729 Whether stamp duty value can be substituted for declared consideration at the return-processing stage is the central issue. The article explains that substitution operates as a deeming fiction that carries a statutory right for the taxpayer to object and seek reference to the Departmental Valuation Officer; therefore it does not qualify as an "incorrect claim apparent from the return" for processing adjustments. Consequently, upward valuation adjustments of this nature cannot be validly effected during return processing and must be made only through regular assessment proceedings. 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 Whether stamp duty value can be substituted for declared consideration at the return-processing stage is the central issue. The article explains that substitution operates as a deeming fiction that carries a statutory right for the taxpayer to object and seek reference to the Departmental Valuation Officer; therefore it does not qualify as an "incorrect claim apparent from the return" for processing adjustments. Consequently, upward valuation adjustments of this nature cannot be validly effected during return processing and must be made only through regular assessment proceedings. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787729