https://www.taxtmi.com/caselaws?id=469980 A taxable addition for alleged undervaluation of immovable property could not be confirmed without first verifying the property's actual status, including encumbrances, litigation, disputed possession and tenancy issues, because those factors could affect valuation. The matter was therefore restored for fresh consideration after factual examination, and if any difference between the declared price and stamp valuation still remained, reference to the District Valuation Officer was to be considered before a fresh decision. The assessee was to be given an opportunity of hearing before reconsideration. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469980 A taxable addition for alleged undervaluation of immovable property could not be confirmed without first verifying the property's actual status, including encumbrances, litigation, disputed possession and tenancy issues, because those factors could affect valuation. The matter was therefore restored for fresh consideration after factual examination, and if any difference between the declared price and stamp valuation still remained, reference to the District Valuation Officer was to be considered before a fresh decision. The assessee was to be given an opportunity of hearing before reconsideration. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469980