appreciate that sub- section 1 of section 43CA is in parameteria with
sec. 50(C)(1) of the Act except that sec.43CA(1) applies ... applies with full force to sec.43CA of the Act which is the fact
in the instant case.
1.iii. The Ld. CIT(A) further
action of
the ld CITA in confirming the addition made u/s 43CA ... otherwise.
5.4. The ld AO applied the provisions of section 43CA of the Act in all the
14 properties registered inspite of the fact that
disallowing an amount of Rs. 2,03,051 under
section 43CA of the Act as the difference
between the value adopted by Stamp Duty
Authority ... consideration
received and is therefore covered by the
proviso to section 43CA of the Act.
4.3. On the facts and the circumstances of the
case
Agreement Value i.e.
Rs.12,71,500/- under section 43CA of the Income Tax Act,1961 (in short 'the
Act'). Aggrieved ... facts upheld the
addition made by the Assessing Officer u/s 43CA of the Act. The ld. Authorized
Representative of the assessee pointed that
determined by the Stamp Duty Authority should not be added u/s 43CA of the
Act. Though the assessee objected to the proposed addition; however ... authority, the assessee urged
a preliminary ground that th provisions of section 43CA having introduced into
the statute by Finance
erred
in upholding the disallowances made by Ld. AO u/s 43CA of the Act amounting
to Rs. 3,26,342/- without considering the submissions ... assessee's appeal, pertains to the disallowance
made under section 43CA of the Act.
29. We have considered the submissions of both sides
Agreement Value is enclosed (Pg. No.141)
(d) Insertion of new Sec. 43CA w.e.f. 01.04.2014
i) Further, Finance Act 2013 has inserted ... Section 43CA under the
I.T.Act, 1961 applicable from 01.04.2014, introducing the provisions
of taxability of transfer of immovable property (land or building
holding
that the provision of section 43CA of the I.T. Act, 1961 are
wrongly invoked by the assessing officer, without appreciating
the fact that ... added to the total income as per the provisions of Section 43CA
of the I.T. Act, 1961.
2. Whether on facts and circumstances
Horizon Projects Private Limited (Now ... vs Assistant Commissioner Of Income Tax, ... on 20 April, 2026
value up to 10% is acceptable as
provided in applicability of S-43CA
S 43CA is applicable in the case ... mentioned in the Finance Act, 2020 .
2
Before proceeding provisions of section 43CA of the act as inserted by
Finance
