AdvertisementKashyan Promoters And Developers Pvt. Ltd. Vs ITO (ITAT Jaipur) Jaipur ITAT: Section 43CA Cannot Be Invoked Where Agreement to Sell and Substantial Consideration Pre-dated Its Introduction The Jaipur ITAT deleted an addition of ₹7.54 crore made under Section 43CA, holding that the provision cannot be applied where the agreement to sell was executed and substantial consideration was received before Section 43CA came into force, even though the sale deed was registered in a later year after the provision was introduced. The assessee had entered into an agreement to sell on 27.06.2011 and rec...