https://www.taxtmi.com/caselaws?id=771117 ITAT Mumbai held that the tolerance band provisions under section 43CA (5% from 01.04.2019 and 10% from 01.04.2021) apply retrospectively to AY 2017-18. Following precedents including Macrotech Developers Ltd and Maria Fernandes Cheryl, the tribunal ruled that tolerance band provisions are beneficial and curative in nature, thus having retrospective application. Since the difference between stamp duty value and sale consideration was within the 10% tolerance band, no addition under section 43CA was warranted. The assessee's appeal was allowed. en-us Tue, 29 Apr 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771117 ITAT Mumbai held that the tolerance band provisions under section 43CA (5% from 01.04.2019 and 10% from 01.04.2021) apply retrospectively to AY 2017-18. Following precedents including Macrotech Developers Ltd and Maria Fernandes Cheryl, the tribunal ruled that tolerance band provisions are beneficial and curative in nature, thus having retrospective application. Since the difference between stamp duty value and sale consideration was within the 10% tolerance band, no addition under section 43CA was warranted. The assessee's appeal was allowed. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771117