https://www.taxtmi.com/caselaws?id=792964 Substitution of sale consideration under section 50C is not warranted where reliable valuation evidence shows that an immovable property's fair market value is below its declared sale consideration. Restrictive land-use conditions, including proximity to defence land, no-development constraints, reduced accessibility and locational disadvantages, materially affect marketability and valuation. A registered valuer's report considering these conditions, surrounding circumstances and comparable local evidence displaced the higher valuation adopted by the DVO. The capital-gains addition based on substituted valuation was deleted, and the declared capital gain was accepted. en-us Fri, 15 May 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792964 Substitution of sale consideration under section 50C is not warranted where reliable valuation evidence shows that an immovable property's fair market value is below its declared sale consideration. Restrictive land-use conditions, including proximity to defence land, no-development constraints, reduced accessibility and locational disadvantages, materially affect marketability and valuation. A registered valuer's report considering these conditions, surrounding circumstances and comparable local evidence displaced the higher valuation adopted by the DVO. The capital-gains addition based on substituted valuation was deleted, and the declared capital gain was accepted. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792964