Provisions of sec. 43CA couldn't be invoked if agreement to sell was entered into before its insertion in Act

IT: Provisions of section 43CA would be effective from assessment year 2014-15 and, since, in instant case, agreement to sell was entered into much prior to that date, i.e., in year 2007, impugned addition made by authorities below by applying provisions of section 43CA(4), was to be set aside

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