https://www.taxtmi.com/caselaws?id=430865 Section 43CA did not apply where the assessee had no lawful title to acquire agricultural land and the original purchase transactions were void ab initio under the governing tenancy law. The registered cancellation deeds merely reversed those void transactions, so the amounts received on cancellation were treated as return of purchase consideration, not consideration for a fresh transfer of land. In the absence of a legally effective transfer for consideration below stamp duty value, the provision could not be invoked and the addition was deleted. en-us Mon, 03 Oct 2022 00:00:00 +0530 Wed, 30 Nov 2022 07:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430865 Section 43CA did not apply where the assessee had no lawful title to acquire agricultural land and the original purchase transactions were void ab initio under the governing tenancy law. The registered cancellation deeds merely reversed those void transactions, so the amounts received on cancellation were treated as return of purchase consideration, not consideration for a fresh transfer of land. In the absence of a legally effective transfer for consideration below stamp duty value, the provision could not be invoked and the addition was deleted. Case-Laws Income Tax Mon, 03 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430865