https://www.taxtmi.com/caselaws?id=761255 ITAT Mumbai held that for computing capital gains under section 43CA, the stamp duty value on the date of the original agreement for sale (30/04/2011) should be considered rather than the registration date value. The tribunal found that despite registration occurring in the assessment year, the principal agreement executed earlier governed the transaction. The AO's addition based on registration date stamp duty value was deleted, with directions to recompute gains using the agreement date valuation, satisfying section 43CA(3) and 43CA(4) requirements including earnest money payment verification. en-us Tue, 05 Nov 2024 00:00:00 +0530 Thu, 07 Nov 2024 08:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761255 ITAT Mumbai held that for computing capital gains under section 43CA, the stamp duty value on the date of the original agreement for sale (30/04/2011) should be considered rather than the registration date value. The tribunal found that despite registration occurring in the assessment year, the principal agreement executed earlier governed the transaction. The AO's addition based on registration date stamp duty value was deleted, with directions to recompute gains using the agreement date valuation, satisfying section 43CA(3) and 43CA(4) requirements including earnest money payment verification. Case-Laws Income Tax Tue, 05 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761255