https://www.taxtmi.com/caselaws?id=801059 Section 50C applies to transfers of tenancy rights in land or a building because the mode of holding the property does not alter its character for stamp-duty valuation purposes. Distinctions between leasehold and tenancy rights may affect the nature or value of the transferred interest, but do not exclude the transfer from the provision. Where an assessee claims that the stamp valuation exceeds fair market value and seeks a valuation reference, the statutory conditions under section 50C(2) must be examined. If satisfied, valuation by the Departmental Valuation Officer is required before determining full value of consideration. en-us Tue, 29 Sep 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801059 Section 50C applies to transfers of tenancy rights in land or a building because the mode of holding the property does not alter its character for stamp-duty valuation purposes. Distinctions between leasehold and tenancy rights may affect the nature or value of the transferred interest, but do not exclude the transfer from the provision. Where an assessee claims that the stamp valuation exceeds fair market value and seeks a valuation reference, the statutory conditions under section 50C(2) must be examined. If satisfied, valuation by the Departmental Valuation Officer is required before determining full value of consideration. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801059