https://www.taxtmi.com/caselaws?id=800381 Section 43CA applies where consideration for transfer of land or building held as stock-in-trade is below its stamp-duty value. Reciprocal conveyances of equivalent plots, undertaken under a pre-existing arrangement to consolidate fragmented ownership after layout development, involved valuable non-cash consideration notwithstanding nil monetary consideration in the deeds. As each transfer was matched by an equivalent plot with identical guideline, stamp-duty and fair-market values, no shortfall against stamp-duty value was established. Section 43CA was therefore inapplicable and the related addition was deleted. en-us Mon, 31 Aug 2026 00:00:00 +0530 Tue, 06 Oct 2026 08:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800381 Section 43CA applies where consideration for transfer of land or building held as stock-in-trade is below its stamp-duty value. Reciprocal conveyances of equivalent plots, undertaken under a pre-existing arrangement to consolidate fragmented ownership after layout development, involved valuable non-cash consideration notwithstanding nil monetary consideration in the deeds. As each transfer was matched by an equivalent plot with identical guideline, stamp-duty and fair-market values, no shortfall against stamp-duty value was established. Section 43CA was therefore inapplicable and the related addition was deleted. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800381