https://www.taxtmi.com/caselaws?id=798228 Disputed stamp-duty valuation of jointly purchased immovable property, supported by the assessee's valuation material, requires a reference to the Departmental Valuation Officer before determining any taxable difference. The Assessing Officer must address a request for such reference and reconsider the valuation after providing a reasonable hearing. Where ownership shares are identified, the entire differential amount cannot be assessed in one co-owner's hands merely because the other co-owner's share was not assessed; taxation must reflect the respective ownership interests. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798228 Disputed stamp-duty valuation of jointly purchased immovable property, supported by the assessee's valuation material, requires a reference to the Departmental Valuation Officer before determining any taxable difference. The Assessing Officer must address a request for such reference and reconsider the valuation after providing a reasonable hearing. Where ownership shares are identified, the entire differential amount cannot be assessed in one co-owner's hands merely because the other co-owner's share was not assessed; taxation must reflect the respective ownership interests. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798228