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Taxpayer Win: ITAT Mumbai Confirms Retrospective 10% Safe Harbour for Real Estate Business under Section 43CA
Case Law Details
- Case Name
- DCIT Vs Gaurav Investments (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Mumbai
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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 Financ...
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