https://www.taxtmi.com/caselaws?id=770480 The ITAT Kolkata held that the assessee was entitled to relief from deemed sales consideration additions under section 43CA. The tribunal directed the AO to delete additions for flats where the difference between stamp duty valuation and actual sale consideration was less than 10%, provided conditions of sub-section (4) were met including payment through account payee cheque or specified modes before asset transfer. The CIT(A)'s decision allowing relief was upheld, and the assessee's grounds were allowed with directions to produce required details before the AO. en-us Fri, 09 May 2025 00:00:00 +0530 Mon, 12 May 2025 09:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770480 The ITAT Kolkata held that the assessee was entitled to relief from deemed sales consideration additions under section 43CA. The tribunal directed the AO to delete additions for flats where the difference between stamp duty valuation and actual sale consideration was less than 10%, provided conditions of sub-section (4) were met including payment through account payee cheque or specified modes before asset transfer. The CIT(A)'s decision allowing relief was upheld, and the assessee's grounds were allowed with directions to produce required details before the AO. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770480