https://www.taxtmi.com/caselaws?id=792552 Section 50C must be applied as a complete deeming mechanism, including the taxpayer's right under section 50C(2) to object to the stamp duty value and seek a valuation reference. A capital gains adjustment based on section 50C cannot be made summarily in processing and then justified under section 154, because denying the assessee that statutory opportunity goes beyond correction of a mere apparent error. The addition made by the CPC was therefore unsustainable, and deletion of the adjustment was justified in favour of the assessee. en-us Fri, 24 Apr 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792552 Section 50C must be applied as a complete deeming mechanism, including the taxpayer's right under section 50C(2) to object to the stamp duty value and seek a valuation reference. A capital gains adjustment based on section 50C cannot be made summarily in processing and then justified under section 154, because denying the assessee that statutory opportunity goes beyond correction of a mere apparent error. The addition made by the CPC was therefore unsustainable, and deletion of the adjustment was justified in favour of the assessee. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792552