https://www.taxtmi.com/caselaws?id=766426 ITAT PUNE-AT ruled in favor of the assessee regarding addition under section 43CA for difference between market value and agreement value of 12 flats. The tribunal found that flats were booked much prior to registration dates, and government value on booking date was less than agreement value. Despite auditor noting sales below market value, the tribunal held no addition warranted under section 43CA subsections (3) and (4), as consideration was received as advance per agreement and sale deeds reflected agreement value, following precedent in Kolte Patil Developers Ltd. en-us Thu, 20 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766426 ITAT PUNE-AT ruled in favor of the assessee regarding addition under section 43CA for difference between market value and agreement value of 12 flats. The tribunal found that flats were booked much prior to registration dates, and government value on booking date was less than agreement value. Despite auditor noting sales below market value, the tribunal held no addition warranted under section 43CA subsections (3) and (4), as consideration was received as advance per agreement and sale deeds reflected agreement value, following precedent in Kolte Patil Developers Ltd. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766426