Section 43CA addition cannot stand without DVO valuation

Grace Suburban Development Venture Vs ITO (ITAT Mumbai) Addition u/s 43CA on difference in sale consideration & stamp duty valuation cannot be sustained without DVO reference when specifically requested- Mumbai ITAT In this appeal, Assessee, a builder & developer, challenged the order passed by CIT(A). The dispute arose from addition of Rs. 4,97,378/- made by AO u/s 43CA on account of difference between sale consideration shown in the agreement & the value adopted by Stamp Valuation Authority in respect of a flat. Assessee contended that the flat was agreed to be sold in May 2014 f...