https://www.taxtmi.com/caselaws?id=472416 Section 50C requires the prescribed stamp-duty value to be adopted for capital-gains computation where declared consideration is lower, subject to the valuation mechanism under Section 50C(2). Land valuation must adequately reflect material factors affecting value, including road and transport access, location, size, timing, amenities and future potential. Where those factors are not properly considered, the valuation may be excessive. On the stated facts, the Section 50C addition was restricted, with the determination confined to the particular assessment circumstances rather than treated as a general precedent. en-us Mon, 11 Sep 2023 00:00:00 +0530 Mon, 12 Oct 2026 11:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472416 Section 50C requires the prescribed stamp-duty value to be adopted for capital-gains computation where declared consideration is lower, subject to the valuation mechanism under Section 50C(2). Land valuation must adequately reflect material factors affecting value, including road and transport access, location, size, timing, amenities and future potential. Where those factors are not properly considered, the valuation may be excessive. On the stated facts, the Section 50C addition was restricted, with the determination confined to the particular assessment circumstances rather than treated as a general precedent. Case-Laws Income Tax Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472416