https://www.taxtmi.com/caselaws?id=799296 Additional evidence consisting of a Departmental Valuation Officer's report on the fair market value of jointly purchased property is relevant to an addition for the difference between purchase consideration and stamp duty value under section 56(2)(x). Where the report directly bears on that valuation difference and requires verification at the assessment stage, the evidence may be admitted and the addition remitted to the Assessing Officer for verification and fresh adjudication after a reasonable hearing opportunity. All contentions on the merits remain open. en-us Wed, 09 Sep 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799296 Additional evidence consisting of a Departmental Valuation Officer's report on the fair market value of jointly purchased property is relevant to an addition for the difference between purchase consideration and stamp duty value under section 56(2)(x). Where the report directly bears on that valuation difference and requires verification at the assessment stage, the evidence may be admitted and the addition remitted to the Assessing Officer for verification and fresh adjudication after a reasonable hearing opportunity. All contentions on the merits remain open. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799296