https://www.taxtmi.com/caselaws?id=789894 Where an assessee disputes the stamp valuation and seeks reference to the Valuation Officer, an addition under section 50C cannot be sustained unless an effective valuation reference is made and a valuation report exists before completion of assessment. The statutory scheme required the Assessing Officer to act on the objection and obtain valuation assistance before substituting the stamp value. Section 155(15) was inapplicable because there was no existing DVO valuation to revise, and the delay in securing a report could not be shifted onto the assessee. The addition was therefore deleted. en-us Mon, 30 Mar 2026 00:00:00 +0530 Thu, 16 Apr 2026 08:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789894 Where an assessee disputes the stamp valuation and seeks reference to the Valuation Officer, an addition under section 50C cannot be sustained unless an effective valuation reference is made and a valuation report exists before completion of assessment. The statutory scheme required the Assessing Officer to act on the objection and obtain valuation assistance before substituting the stamp value. Section 155(15) was inapplicable because there was no existing DVO valuation to revise, and the delay in securing a report could not be shifted onto the assessee. The addition was therefore deleted. Case-Laws Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789894