https://www.taxtmi.com/caselaws?id=391240 The Tribunal upheld the addition of Rs. 4,48,350 under Section 43CA of the Income Tax Act, rejecting the assessee's argument that the valuation difference fell within the 15% tolerance limit based on judicial pronouncements. The Tribunal emphasized that prior to the Finance Act, 2018 amendment, no tolerance limit applied to Section 43CA, and statutory provisions should be strictly interpreted. The appeal was dismissed on 29.11.2019, affirming the addition as justified under the Act. en-us Fri, 29 Nov 2019 00:00:00 +0530 Thu, 23 Jan 2020 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391240 The Tribunal upheld the addition of Rs. 4,48,350 under Section 43CA of the Income Tax Act, rejecting the assessee's argument that the valuation difference fell within the 15% tolerance limit based on judicial pronouncements. The Tribunal emphasized that prior to the Finance Act, 2018 amendment, no tolerance limit applied to Section 43CA, and statutory provisions should be strictly interpreted. The appeal was dismissed on 29.11.2019, affirming the addition as justified under the Act. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391240