https://www.taxtmi.com/caselaws?id=449680 The ITAT Jaipur allowed the assessee's appeal against addition under section 43CA regarding difference between sale consideration shown by assessee (Rs. 1,51,00,000) and value adopted by Sub-Registrar for stamp duty. The tribunal held that since the sale agreement was executed on 10/09/2008, prior to section 43CA's enactment from 01/04/2014, and 90% consideration was received within five days of agreement through account payee cheque, section 43CA(3) exception applied. The provision protects cases where consideration flows before the agreement date, making the revenue's addition unsustainable. en-us Wed, 14 Feb 2024 00:00:00 +0530 Sat, 17 Feb 2024 06:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449680 The ITAT Jaipur allowed the assessee's appeal against addition under section 43CA regarding difference between sale consideration shown by assessee (Rs. 1,51,00,000) and value adopted by Sub-Registrar for stamp duty. The tribunal held that since the sale agreement was executed on 10/09/2008, prior to section 43CA's enactment from 01/04/2014, and 90% consideration was received within five days of agreement through account payee cheque, section 43CA(3) exception applied. The provision protects cases where consideration flows before the agreement date, making the revenue's addition unsustainable. Case-Laws Income Tax Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449680