Insertion of new section 43CA - Special provision for full value of consideration for transfer of assests other than capital assests in certain cases

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....014, namely:-  Special provision for full value of consideration for transfer of assests other than capital assests in certain cases       "43CA. (1) Where the consideration received or accruing as a result of the transfer by an assesse of an asset (other than a capital asset), being land or building or both, is less than the value adopted or assessed or assessa....

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....f such transfer of asset are not the same, the value referred to in sub-section (1) may be taken as the value assessable by any authority of a State Government for the purpose of payment of stamp duty in respect of such transfer on the date of the agreement.            (4) The provisions of sub-section (3) shall apply only in a case where the am....

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...., the value so adopted or assessed or assessable shall be deemed to be the full value of the consideration received or accruing as a result of such transfer for the purposes of computing profits and gains from transfer of such asset.     The proposed sub-section (2) of the aforesaid section seeks to provide that the provisions of sub-section (2) and subsection (3) of section....