https://www.taxtmi.com/caselaws?id=788466 Section 50C valuation requires a fair-market-value determination through the departmental valuation officer where stamp valuation materially exceeds the stated sale consideration and fairness requires such verification. Non-participation in assessment proceedings does not remove the need to apply this valuation mechanism where transaction evidence indicates substantial variance. The assessing officer must refer the property for valuation, provide the assessee an opportunity to produce evidence, and recompute short-term capital gains on the resulting fair market value. The matter is remitted for fresh valuation and reassessment on that basis. en-us Wed, 18 Feb 2026 00:00:00 +0530 Mon, 23 Mar 2026 08:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788466 Section 50C valuation requires a fair-market-value determination through the departmental valuation officer where stamp valuation materially exceeds the stated sale consideration and fairness requires such verification. Non-participation in assessment proceedings does not remove the need to apply this valuation mechanism where transaction evidence indicates substantial variance. The assessing officer must refer the property for valuation, provide the assessee an opportunity to produce evidence, and recompute short-term capital gains on the resulting fair market value. The matter is remitted for fresh valuation and reassessment on that basis. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788466