Section 43CA Not Applicable: No Evidence of Understated Property Sale Value, No Additions to Taxable Income Allowed.

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....Understatement in the value of a flat sold - Addition u/s 43CA - Without making any enquiry or bringing material on record to establish the fact that the assessee has received any amount over and above the declared sale consideration, no addition could have been made when it is accepted that section 43CA meant for such deemed addition, is not applicable to the subject transaction. - AT....