Section 43CA Inapplicable: No Transfer in Void Agricultural Land Transaction; Cancellation Deed Lacks Sale or Transfer.

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....Addition u/s 43CA - assessee-company inadvertently entered into a transaction of purchase of agricultural land, which was void ab-initio - assessee being party of cancellation deed, do not tantamount to entering the transaction of sale /transfer. In absence of element of transfer sec 43CA can’t be applied. - AT....