No addition u/s. 43CA as difference between sale price and DVO valuation within tolerance band

Maya Real Estate Pvt. Ltd. Vs DCIT (ITAT Nagpur) ITAT Nagpur held that addition under section 43CA of the Income Tax Act unwarranted since difference between actual sale price and valuation as per DVO is within tolerance band of 10%. Accordingly, entire addition is directed to be deleted. Facts- The case of the assessee was re-opened. AO examined the impounded documents and found that as per the sale deed, value of the immovable property adopted by the stamp duty authority is Rs. 7.20 crore whereas the sale consideration paid by the assessee is only Rs. 3.50 crore, and thus there was a differe...