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2020 (5) TMI 159 - AT - Income TaxNon-refundable security deposit - Addition as undisclosed receipts - assessee submitted that necessary approvals took lot of time and no activity was carried out on the project and no revenue has been generated from the said project - also that dispute was going between the assessee and the said party in respect of the same land and development, etc., which is pending before the Hon’ble Delhi High Court - HELD THAT:- As brought on record that a settlement agreement has been entered between the parties on 11.07.2017 and the Hon’ble Delhi High Court vide judgment and order [2017 (1) TMI 1715 - DELHI HIGH COURT] has taken the settlement agreement on record and has disposed of the said petition to be decided in terms of settlement agreement. Since the issue has attained finality in terms of settlement agreement duly approved by the Hon’ble High Court, the matter is restored back to the file of the Assessing Officer to implement the said settlement agreement and decide the issue. Accordingly, the Revenue’s appeal is partly allowed for statistical purposes.
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