Taxpayer Win: ITAT Mumbai Confirms Retrospective 10% Safe Harbour for Real Estate Business under Section 43CA

DCIT Vs Gaurav Investments (ITAT Mumbai) Tolerance band of 10% under Section 43CA held retrospective – Beneficial amendment applies to all years – Tribunal upholds CIT(A) deletion of ₹2.22 Cr addition- No addition if DVO value within 10% – ITAT Mumbai confirms retrospective safe-harbour relief Revenue filed appeal against the order of CIT(A) deleting addition made u/s 43CA on account of difference between sale consideration & stamp duty value of immovable properties. The only issue before Tribunal was whether the amended tolerance limit of 10% introduced by Finance Act, 2020 could...