On-money received in business of real estate development carried ...
Income Tax
September 5, 2022
On-money received in business of real estate development carried out - allegation that higher rate having been agreed to be paid, as compared to the contracted rate - The basis for holding that the assesseesse received on money clearly did not apply to maximum properties sold. The said facts and circumstances lead to the inescabable conclusion that the basis therefore was ill conceived. - AT
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