#Section 43CA

Kolkata ITAT rules the 10% tolerance band under Section 43CA applies to past transfers, granting relief where sale consideration is within 10% of stamp duty valuation. The ruling impacts real estate transactions assessed under the Income Tax Act, offering retrospective clarity for taxpayers facing valuation disputes.

ITAT Nagpur rules that Transferable Development Rights (TDRs) are intangible assets and do not qualify as 'tangible immovable property' under Section 43CA of the Income Tax Act. The tribunal set aside a Rs. 5.56 crore addition, clarifying that the provision applies only to physical property transfers, not development rights.