section (8) of section 35AD, sub-section (3), sub-section (3A), proviso to subsection (3A) and sub-section (4) of section 40A, second proviso ... clause (1) of Section 43, sub-section (4) of section 43CA, proviso to sub-section (1) of section 44AD, second proviso to sub-section
Second proviso to section 50C as
under:
Amendment of section 50C .
"In section 50C of the Income-tax Act, in sub-section (1), after ... case of genuine transactions in the
real estate sector, section 43CA, section 50C and section 56 of the
Income-tax Act have been amended
which relates to section 50C of the
Act. It was contended that section 43CA and section 50C of the Act are
pari materia provisions ... provisions of Section 43CA of the Act also since both
the sections are similarly worded with the difference being that section 50C is
applicable
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 ... which relates to section 50C of the Act. It
was contended that section 43CA and section 50C of
the Act are pari materia provisions
this stage, it is relevant to mention that the first proviso to
section 43CA was inserted by the Finance ... assessment year under consideration is 2015-16 and the
proviso to section 43CA has been inserted by the Finance Act,
2018 . Under such circumstances
which relates to
section 50C of the Act. It was contended that section 43CA and section
50C of the Act are pari materia provisions ... provisions of Section 43CA of the Act also since both
the sections are similarly worded with the difference being that section 50C is
applicable
which relates to
section 50C of the Act. It was contended that section 43CA and section
50C of the Act are pari materia provisions ... provisions of Section 43CA of the Act also since both
the sections are similarly worded with the difference being that section 50C is
applicable
section 43CA, section 50C and section 56
16 .1 Before amendment by the Act, for computing income from
business profits (section 43CA), capital gains (section ... case of genuine transactions
in the real estate sector, section 43CA, section 50C and section 56
of the Income-tax Act have been amended
confirmed the addition made by the AO stating that the
proviso to section 43CA containing the tolerance limit was introduced only by the
Finance ... which relates to
section 50C of the Act. It was contended that section 43CA and section 50C of
the Act are pari materia provisions
legislature in all its wisdom has inserted a proviso to sub-section (1) of Sec.43CA , which reads
as under:
"Provided that where ... case of genuine transactions in the real estate sector,
section 43CA, section 50C and section 56 of the Income-tax Act have been amended
