https://www.taxtmi.com/caselaws?id=800970 Failure to examine the difference between purchase consideration and stamp-duty value of immovable property may trigger Section 56(2)(vii)(b). Under Explanation 2(a) to Section 263(1), an assessment made without inquiries or verification that should have been undertaken is erroneous and prejudicial to Revenue interests. Where no material shows that the Assessing Officer consciously examined the issue or adopted a sustainable view, limited revision directing fresh inquiry on that issue does not amount to substituting the Assessing Officer's opinion. en-us Mon, 12 Oct 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800970 Failure to examine the difference between purchase consideration and stamp-duty value of immovable property may trigger Section 56(2)(vii)(b). Under Explanation 2(a) to Section 263(1), an assessment made without inquiries or verification that should have been undertaken is erroneous and prejudicial to Revenue interests. Where no material shows that the Assessing Officer consciously examined the issue or adopted a sustainable view, limited revision directing fresh inquiry on that issue does not amount to substituting the Assessing Officer's opinion. Case-Laws Income Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800970