Provisions of Section 43CA of Income Tax Act can invoke only When Sale Value of Property price lesser than Stamp Value: ITAT [Read Order]

Provisions - Income Tax Act - Income Tax - Tax - Sale Value - Property price - Sale Value of Property - Stamp Value - ITAT - Taxscan

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that provisions of Section 43CA of Income Tax Act,1961 can invoke only when sale value of property price lesser than stamp value. Shri Debash is Roy, the assessee filed a return of income for the instant year on 30/09/2015 declaring a…

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