https://www.taxtmi.com/caselaws?id=294170 The Tribunal allowed the appeal of the assessee, setting aside the Ld. CIT(Appeal)'s decision to add the difference between stamp duty valuation and actual consideration under section 43CA of the Income Tax Act, 1961. The Tribunal emphasized that if the variance is less than 10%, the Assessing Officer cannot substitute the value determined by the DVO, highlighting the importance of valuation discrepancies within permissible limits. The decision clarified the interpretation and application of sections 50C and 43CA, underscoring the Assessing Officer's discretion in such matters and citing relevant case law precedents. en-us Fri, 08 Feb 2019 00:00:00 +0530 Wed, 24 Mar 2021 20:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294170 The Tribunal allowed the appeal of the assessee, setting aside the Ld. CIT(Appeal)'s decision to add the difference between stamp duty valuation and actual consideration under section 43CA of the Income Tax Act, 1961. The Tribunal emphasized that if the variance is less than 10%, the Assessing Officer cannot substitute the value determined by the DVO, highlighting the importance of valuation discrepancies within permissible limits. The decision clarified the interpretation and application of sections 50C and 43CA, underscoring the Assessing Officer's discretion in such matters and citing relevant case law precedents. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294170