https://www.taxtmi.com/caselaws?id=793744 For computing long-term capital gains on sale of agricultural land, the declared sale consideration could not be substituted by stamp duty value or DVO valuation under section 50C where the valuation difference was marginal and the departmental estimate rested on a hypothetical development approach rather than the land's existing condition. The ITAT noted that the variation between the declared consideration and the DVO valuation was less than 15%, treated as tolerable in valuation matters, and found the direction to adopt stamp duty value contrary to the statutory scheme. The addition was deleted and the declared consideration was accepted for capital gains computation. en-us Thu, 18 Jun 2026 00:00:00 +0530 Tue, 23 Jun 2026 08:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793744 For computing long-term capital gains on sale of agricultural land, the declared sale consideration could not be substituted by stamp duty value or DVO valuation under section 50C where the valuation difference was marginal and the departmental estimate rested on a hypothetical development approach rather than the land's existing condition. The ITAT noted that the variation between the declared consideration and the DVO valuation was less than 15%, treated as tolerable in valuation matters, and found the direction to adopt stamp duty value contrary to the statutory scheme. The addition was deleted and the declared consideration was accepted for capital gains computation. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793744