https://www.taxtmi.com/caselaws?id=796316 For capital-gains computation, the specific valuation mechanism governing disputed stamp-duty value overrides the general valuation provision. A valuation reference had to be treated under that specific mechanism and did not extend the assessment limitation period. The assessment therefore had to be completed within the prescribed period, with any later valuation adjustment made through the statutory rectification process. As no valuation report was available when the assessment was completed, despite an approved valuer's report being furnished, the article states that the assessment was time-barred and the stamp-duty valuation addition was deleted. 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 For capital-gains computation, the specific valuation mechanism governing disputed stamp-duty value overrides the general valuation provision. A valuation reference had to be treated under that specific mechanism and did not extend the assessment limitation period. The assessment therefore had to be completed within the prescribed period, with any later valuation adjustment made through the statutory rectification process. As no valuation report was available when the assessment was completed, despite an approved valuer's report being furnished, the article states that the assessment was time-barred and the stamp-duty valuation addition was deleted. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796316