https://www.taxtmi.com/highlights?id=102544 Where an assessee disputes stamp-duty valuation under section 56(2)(x), distinguishes the valuation of different portions of the property, and requests a reference to the Departmental Valuation Officer, the Assessing Officer must make that reference before adopting the stamp-duty value. The basement and ground floor could not be valued on the same basis without addressing the assessee's objections through a reasoned finding. Adoption of the stamp-duty valuation without a valuation reference was therefore unjustified, and the addition for the difference between declared purchase consideration and stamp-duty value was deleted to the assessee's share. en-us Mon, 10 Aug 2026 12:12:36 +0530 Mon, 10 Aug 2026 12:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102544 Where an assessee disputes stamp-duty valuation under section 56(2)(x), distinguishes the valuation of different portions of the property, and requests a reference to the Departmental Valuation Officer, the Assessing Officer must make that reference before adopting the stamp-duty value. The basement and ground floor could not be valued on the same basis without addressing the assessee's objections through a reasoned finding. Adoption of the stamp-duty valuation without a valuation reference was therefore unjustified, and the addition for the difference between declared purchase consideration and stamp-duty value was deleted to the assessee's share. Highlights Income Tax Mon, 10 Aug 2026 12:12:36 +0530 https://www.taxtmi.com/highlights?id=102544