https://www.taxtmi.com/caselaws?id=788247 Where an assessee contests that stamp valuation exceeds fair market value and requests referral, the Assessing Officer must refer valuation to the Valuation Officer; failure to make that reference renders an addition under the provision dealing with receipt of immovable property unsustainable. Applying precedents where mandatory reference was held necessary, the impugned monetary addition was deleted and the Assessing Officer directed to remove the addition, resulting in a partly allowed appeal in favour of the assessee. en-us Fri, 30 Jan 2026 00:00:00 +0530 Tue, 17 Mar 2026 16:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788247 Where an assessee contests that stamp valuation exceeds fair market value and requests referral, the Assessing Officer must refer valuation to the Valuation Officer; failure to make that reference renders an addition under the provision dealing with receipt of immovable property unsustainable. Applying precedents where mandatory reference was held necessary, the impugned monetary addition was deleted and the Assessing Officer directed to remove the addition, resulting in a partly allowed appeal in favour of the assessee. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788247