https://www.taxtmi.com/caselaws?id=802312 The income-tax addition under section 56 arose from the difference between a property's stamp duty value and its purchase consideration. The approved valuer's report was admitted as additional evidence after the first appellate authority had not considered it because it was not furnished during assessment. A departmental valuation reference under section 50C had not been made despite the taxpayer's request. Fresh assessment was directed with consideration of both valuation reports and an adequate opportunity of hearing; the correctness of the addition remains undetermined. en-us Wed, 30 Sep 2026 00:00:00 +0530 Wed, 04 Nov 2026 08:42:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802312 The income-tax addition under section 56 arose from the difference between a property's stamp duty value and its purchase consideration. The approved valuer's report was admitted as additional evidence after the first appellate authority had not considered it because it was not furnished during assessment. A departmental valuation reference under section 50C had not been made despite the taxpayer's request. Fresh assessment was directed with consideration of both valuation reports and an adequate opportunity of hearing; the correctness of the addition remains undetermined. Case-Laws Income Tax Wed, 30 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802312