https://www.taxtmi.com/caselaws?id=462136 The ITAT Mumbai ruled in favor of the assessee regarding the applicability of section 43CA. The case involved a difference of only 4.88% between stamp duty value and agreement value. The tribunal held that amendments to section 43CA made by Finance Act 2018 are retrospective in nature, establishing that where stamp duty value does not exceed 105% of consideration received, it is deemed full value. Since the 4.88% difference falls below the 5% threshold, the provisions of section 43CA were not applicable to the assessee's case. en-us Thu, 20 Apr 2023 00:00:00 +0530 Tue, 27 May 2025 19:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462136 The ITAT Mumbai ruled in favor of the assessee regarding the applicability of section 43CA. The case involved a difference of only 4.88% between stamp duty value and agreement value. The tribunal held that amendments to section 43CA made by Finance Act 2018 are retrospective in nature, establishing that where stamp duty value does not exceed 105% of consideration received, it is deemed full value. Since the 4.88% difference falls below the 5% threshold, the provisions of section 43CA were not applicable to the assessee's case. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462136