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2018 (5) TMI 1949 - ITAT DELHIPayment of interest on PDCs - Part relief given by the ld. CIT(A) on account of interest and PDCs - HELD THAT:- We find the ld. CIT(A) following his decision in the case of M/s Business Park Promoters Pvt. Ltd. [2015 (5) TMI 507 - ITAT DELHI] for assessment year 2006-07 directed the Assessing Officer to compute the interest on the PDCs after a period of six months from the sale deed, as a result of which only an amount of ₹ 2,92,851/- was sustained and the balance amount was deleted. We further find the Tribunal in the case of M/s IAG Promoters and Developers Pvt. Ltd. [2014 (12) TMI 216 - ITAT DELHI] for assessment year 2008-09 and in the case of M/s Countrywide Promoters Pvt. Ltd. [2017 (11) TMI 1132 - ITAT DELHI] has taken similar view and the appeal filed by the Revenue on this issue has been dismissed. Therefore, respectfully following the decisions of the Coordinate Benches of the Tribunal in the case of sister concern, we do not find any infirmity in the order of the ld. CIT(A). Accordingly, the ground raised by the Revenue is dismissed Addition u/s 40A(3) - assessee company has made payment of ₹ 1,00,000/- in cash to various farmers from whom land has been purchased - HELD THAT:- It may be stated that terms of collaboration agreement has not be overridden by A. O.. He has only analyzed the terms of the agreement, and by analyzing the term of agreement, he has given the finding that appellant is in the business of acquiring land and its development through CWPPL and therefore, payment made to farmer/seller of land is an expenditure in applicant's hand. Accordingly Section 40A (3) is applicable. After considering entire facts and circumstances of the case, uphold the addition made by Assessing Officer
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