https://www.taxtmi.com/caselaws?id=796316 Capital-gains valuation disputes involving stamp-duty value are governed by the specific valuation mechanism rather than the residuary valuation provision. A valuation reference for computing capital gains must therefore be treated under that specific mechanism and does not extend the ordinary assessment limitation period. Assessment must be completed within the prescribed period, while a subsequent valuation-based adjustment may be made through the statutory rectification mechanism. Where no valuation report is available at assessment and the taxpayer has submitted an approved valuer's report, a stamp-duty valuation addition cannot be sustained through a time-barred assessment. en-us Fri, 24 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796316 Capital-gains valuation disputes involving stamp-duty value are governed by the specific valuation mechanism rather than the residuary valuation provision. A valuation reference for computing capital gains must therefore be treated under that specific mechanism and does not extend the ordinary assessment limitation period. Assessment must be completed within the prescribed period, while a subsequent valuation-based adjustment may be made through the statutory rectification mechanism. Where no valuation report is available at assessment and the taxpayer has submitted an approved valuer's report, a stamp-duty valuation addition cannot be sustained through a time-barred assessment. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796316