ITAT ruled that for property sales under Section 43CA, stamp...

ITAT ruled that for property sales under Section 43CA, stamp duty valuation can be accepted if the sale consideration differs by less than 10% from the registered valuation. The AO must delete tax additions where: (1) part consideration was received via account payee cheque, (2) transfer mode complies with statutory requirements, and (3) difference between actual sale price and stamp duty valuation is within 10% threshold. The assessee must provide supporting documentation to substantiate the claim, with the AO directed to grant relief accordingly. Ground nos. 1 & 2 were allowed, providing tax relief consistent with the statutory provisions.