Income Tax Act Section 43CA Not Applicable to Pre-April 2014 Flat Sales, Tribunal Rules on Valuation Discrepancies.

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....Addition made u/s 43CA - difference between the amount of sale consideration appearing in the conveyance deed and the value adopted by the stamp valuation authority - The Tribunal held that since the flats in question were agreed to be sold prior to the implementation of Section 43CA (effective from 01/04/2014), the provisions of this section did not apply. Consequently, the addition was deleted.....