https://www.taxtmi.com/caselaws?id=798571 Section 56(2)(vii)(b) permits a purchaser disputing stamp duty value to seek valuation on grounds contemplated by section 50C(2), notwithstanding that section 50C generally applies to transferors. Where the Departmental Valuation Officer values jointly acquired immovable property at the declared purchase consideration, that value must apply consistently to all co-owners acquiring under the same instrument on the same date. No addition arises for the difference between stamp duty value and consideration in respect of a co-owner's share when the valuation equals the declared consideration. en-us Tue, 25 Aug 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798571 Section 56(2)(vii)(b) permits a purchaser disputing stamp duty value to seek valuation on grounds contemplated by section 50C(2), notwithstanding that section 50C generally applies to transferors. Where the Departmental Valuation Officer values jointly acquired immovable property at the declared purchase consideration, that value must apply consistently to all co-owners acquiring under the same instrument on the same date. No addition arises for the difference between stamp duty value and consideration in respect of a co-owner's share when the valuation equals the declared consideration. Case-Laws Income Tax Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798571