https://www.taxtmi.com/caselaws?id=801467 Disputed stamp-duty value for purposes of Section 56(2)(vii) requires use of the prescribed reference mechanism to determine fair market value before an addition can be sustained. Where no reference is made despite an objection to the adopted value, the valuation issue requires fresh determination after verifying any relevant valuation report. Agricultural-income additions likewise require fresh examination where evidence of landholding and agricultural activity is produced. Both issues require verification by the Assessing Officer and a reasonable opportunity of hearing before reassessment. en-us Thu, 15 Oct 2026 00:00:00 +0530 Thu, 22 Oct 2026 08:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801467 Disputed stamp-duty value for purposes of Section 56(2)(vii) requires use of the prescribed reference mechanism to determine fair market value before an addition can be sustained. Where no reference is made despite an objection to the adopted value, the valuation issue requires fresh determination after verifying any relevant valuation report. Agricultural-income additions likewise require fresh examination where evidence of landholding and agricultural activity is produced. Both issues require verification by the Assessing Officer and a reasonable opportunity of hearing before reassessment. Case-Laws Income Tax Thu, 15 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801467