https://www.taxtmi.com/caselaws?id=800877 Section 50C(2) provides a statutory valuation mechanism where the stamp-valuation figure is claimed to exceed fair market value and prescribed conditions are met. Short-term capital gains require fresh determination after examining acquisition cost, acquisition date and relevant transaction records, which had not been examined. Where warranted, a reference to the Departmental Valuation Officer should be made and any valuation report considered. The computation must be redetermined after providing an effective opportunity of hearing, without expressing a view on its merits. en-us Tue, 08 Sep 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800877 Section 50C(2) provides a statutory valuation mechanism where the stamp-valuation figure is claimed to exceed fair market value and prescribed conditions are met. Short-term capital gains require fresh determination after examining acquisition cost, acquisition date and relevant transaction records, which had not been examined. Where warranted, a reference to the Departmental Valuation Officer should be made and any valuation report considered. The computation must be redetermined after providing an effective opportunity of hearing, without expressing a view on its merits. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800877