Addition u/s. 43CA deleted by taking stamp duty value on date of registration of agreement

Arihant Associates Vs ACIT (ITAT Mumbai) ITAT Mumbai deleted additions made under section 43CA of the Income Tax Act by considering the stamp duty value on the date of registration of agreement as prescribed under section 43CA(3) of the Income Tax Act. Facts- The present appeal is preferred by the assessee on a solitary grievance of addition made under section 43CA (i.e. difference between stamp duty value and agreement value) of the Income Tax Act. Conclusion- As per the provisions of section 43CA(1) of the Act, where the consideration received or accrued as a result of the transfer by an ass...