https://www.taxtmi.com/highlights?id=105262 Disputed stamp-duty valuation for property purchased requires the Assessing Officer to obtain a Valuation Officer's determination of fair market value before sustaining an addition under section 56(2)(vii). The valuation issue requires fresh examination of a co-owner's valuation report, its applicability, and the taxpayer's objections, with an opportunity of hearing. Claimed agricultural income likewise requires reconsideration against evidence of landholding and agricultural activity. Both the property-valuation addition and the characterisation of agricultural income require fresh adjudication rather than determination on the existing record. en-us Thu, 22 Oct 2026 08:38:37 +0530 Thu, 22 Oct 2026 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105262 Disputed stamp-duty valuation for property purchased requires the Assessing Officer to obtain a Valuation Officer's determination of fair market value before sustaining an addition under section 56(2)(vii). The valuation issue requires fresh examination of a co-owner's valuation report, its applicability, and the taxpayer's objections, with an opportunity of hearing. Claimed agricultural income likewise requires reconsideration against evidence of landholding and agricultural activity. Both the property-valuation addition and the characterisation of agricultural income require fresh adjudication rather than determination on the existing record. Highlights Income Tax Thu, 22 Oct 2026 08:38:37 +0530 https://www.taxtmi.com/highlights?id=105262