ITAT Holds Senior Citizen Deserves Fresh Opportunity to Contest Tax Additions And Orders DVO Reference on Property Valuation:

ITAT Holds Senior Citizen Deserves Fresh Opportunity to Contest Tax Additions And Orders DVO Reference on Property Valuation

The ITAT Chennai has held that where an assessee disputes the stamp duty value adopted for computing income under Section 56(2)(x)(b) of the Income-tax Act, 1961, the AO is required to examine the objection.

Objection to Stamp Duty Value Under Section 56(2)(x)(b) Must Be Examined in Accordance with Law

authorSaimadateJul 13, 2026
Last update on Jul 13, 2026
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ITAT Holds Senior Citizen Deserves Fresh Opportunity to Contest Tax Additions And Orders DVO Reference on Property Valuation

The ITAT Chennai has held that where an assessee disputes the stamp duty value adopted for computing income under Section 56(2)(x)(b) of the Income-tax Act, 1961, the AO is required to examine the objection.

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Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
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