https://www.taxtmi.com/caselaws?id=800471 Section 56(2)(x) requires a legally available valuation basis before stamp-duty value can replace stated purchase consideration for a property acquisition. Where a valuation reference is made but the valuation report is not received within the statutory period, stamp-duty value cannot independently support the addition. Alleged acquisitions of other properties also require disclosure and confrontation of system data or other corroborative material, particularly where the taxpayer denies the transactions. Additions cannot rest on undisclosed evidence or unverified property-acquisition records. en-us Fri, 25 Sep 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800471 Section 56(2)(x) requires a legally available valuation basis before stamp-duty value can replace stated purchase consideration for a property acquisition. Where a valuation reference is made but the valuation report is not received within the statutory period, stamp-duty value cannot independently support the addition. Alleged acquisitions of other properties also require disclosure and confrontation of system data or other corroborative material, particularly where the taxpayer denies the transactions. Additions cannot rest on undisclosed evidence or unverified property-acquisition records. Case-Laws Income Tax Fri, 25 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800471