2026 (8) TMI 616

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....mdeo, Sr. DR ORDER PER SANJAY GARG, JUDICIAL MEMBER: The present appeal has been preferred by the assessee against the order of the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (in short "NFAC"), Delhi [hereinafter referred to as 'Ld. CIT(A)'] dated 23/12/2025 passed u/s. 250 of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') for the Assess....

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.... stamp duty authority, however, worked out the sale value of the property at the Rs. 47.47 lakhs. The AO accordingly taken the said collector rate value assessed by the stamp duty authority as the purchase value of the property and held that the property has been purchased at a lesser consideration of Rs. 21.47 lakhs. He, accordingly, made the addition of Rs. 21,47,450/- into the income of the ass....

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....re in the property was only 50%, therefore, the addition should be worked accordingly. The Ld. CIT(A) though rejected the contention of the assessee on merits of the addition, however, accepted the said contention that the addition in the hands of the assessee should be restricted to 50% of that has been made by the AO and therefore, restricted the addition to extent of Rs. 10.73 lakhs. 5. Befo....

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....consider the request for referring the matter to the DVO. The AO simply proceeded to make the addition on account of difference in the valuation assessed by the stamp duty authority as compared to the value mentioned in the Sale Deed. We note that the assessee having made a request to the AO to refer the matter to the Departmental Valuation Officer, the AO was left with no alternative than to refe....