Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Addition u/s 43CA - difference in the value of sale consideration of the of property as shown by the assessee and value adopted by the Sub-Registrar for stamp duty purposes - ITAT held that Section 43CA, which mandates consideration of stamp duty value for tax purposes, is applicable. However, given the agreement and most payments were made in 2008, and considering the provision of Section 43CA(3), the tribunal found that the addition made by the AO was not justifiable, since the provisions are not retrospective.
Addition u/s 43CA - difference in the value of sale consideration of the of property as shown by the assessee and value adopted by the Sub-Registrar for stamp duty purposes - ITAT held that Section 43CA, which mandates consideration of stamp duty value for tax purposes, is applicable. However, given the agreement and most payments were made in 2008, and considering the provision of Section 43CA(3), the tribunal found that the addition made by the AO was not justifiable, since the provisions are not retrospective.
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