Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable
Income TaxRERA & Property Act
The ITAT has deleted a ₹3.86 lakh addition on the sale of 12 flats, ruling that "Section 43CA is not applicable" and that the "agreement value at booking exceeded the stamp duty value." The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a tax authority cannot add a sum to a taxpayer's account for a mere technicality.
