Additions u/s 43CA - Consideration for immovable property less ...

Income Tax

September 27, 2023

Additions u/s 43CA - Consideration for immovable property less than the stamp duty value - Large number of allottees shows the bona fide of the modus operandi of the assessee. When tested on the touchstone of preponderance of probabilities, the bona fide transaction and contractual commitment with Hemlata way back in FY 2006-07 cannot be doubted merely to invoke and apply a prospective law of S. 43CA. - Additions deleted - AT

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Additions u/s 43CA - Consideration for immovable property less ...

Income Tax

September 27, 2023

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