https://www.taxtmi.com/caselaws?id=446584 ITAT Kolkata ruled in favor of the assessee regarding additions under Section 43CA concerning difference between stamp duty value and actual sale consideration. The Tribunal held that agreements to sell executed before April 1, 2014 cannot be subject to Section 43CA as it lacks retrospective application, following precedents from Disha Construction and Swananda Properties cases. Additionally, additions for concealment of sale consideration were deleted as the flats were sold by the land-owner under development agreement, not by the assessee, who received no sale consideration. en-us Thu, 13 Jul 2023 00:00:00 +0530 Wed, 06 Dec 2023 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446584 ITAT Kolkata ruled in favor of the assessee regarding additions under Section 43CA concerning difference between stamp duty value and actual sale consideration. The Tribunal held that agreements to sell executed before April 1, 2014 cannot be subject to Section 43CA as it lacks retrospective application, following precedents from Disha Construction and Swananda Properties cases. Additionally, additions for concealment of sale consideration were deleted as the flats were sold by the land-owner under development agreement, not by the assessee, who received no sale consideration. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446584