https://www.taxtmi.com/caselaws?id=462237 The ITAT Chandigarh allowed the assessee's appeal regarding addition under Section 43CA r/w 50C. The AO had determined FMV at Rs 3,34,55,169 against actual sale consideration of Rs 3,27,03,000 for Unit C214. The difference of Rs 7,52,169 constituted only 2.25% of FMV, which was below the statutory threshold of 5%. The ITAT held that where the difference between assessed value and actual consideration does not exceed 5%, no adjustment is warranted and actual consideration received should be considered. The addition was directed to be deleted. en-us Tue, 06 Aug 2024 00:00:00 +0530 Tue, 03 Jun 2025 19:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462237 The ITAT Chandigarh allowed the assessee's appeal regarding addition under Section 43CA r/w 50C. The AO had determined FMV at Rs 3,34,55,169 against actual sale consideration of Rs 3,27,03,000 for Unit C214. The difference of Rs 7,52,169 constituted only 2.25% of FMV, which was below the statutory threshold of 5%. The ITAT held that where the difference between assessed value and actual consideration does not exceed 5%, no adjustment is warranted and actual consideration received should be considered. The addition was directed to be deleted. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462237