https://www.taxtmi.com/caselaws?id=752958 The ITAT Jabalpur ruled in favor of the assessee regarding additions under Section 43CA concerning the difference between sale consideration and market value of property. The AO had rejected unregistered sale agreements and noted discrepancies where advance recipients differed from registered parties. The tribunal held that the assessee was entitled to benefits under Section 43CA(3) for plots booked in FY 2009-10, 2010-11, and 2013-14. The AO was directed to re-compute profits considering complete registry details of plot sales year-wise and provide Section 43CA benefits. en-us Wed, 03 Jan 2024 00:00:00 +0530 Wed, 22 May 2024 06:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752958 The ITAT Jabalpur ruled in favor of the assessee regarding additions under Section 43CA concerning the difference between sale consideration and market value of property. The AO had rejected unregistered sale agreements and noted discrepancies where advance recipients differed from registered parties. The tribunal held that the assessee was entitled to benefits under Section 43CA(3) for plots booked in FY 2009-10, 2010-11, and 2013-14. The AO was directed to re-compute profits considering complete registry details of plot sales year-wise and provide Section 43CA benefits. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752958