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The Commissioner of Income Tax-15 Versus M/s Sai Shraddha Construction

2016 (2) TMI 276 - BOMBAY HIGH COURT

Addition on account of excess allotment of area while purchasing development rights from Hindustan Candle Manufacturing Co.Pvt.Ltd. - eligibility of sec 80IB - ITAT upholding the deletion the addition by CIT(A) - Held that:- As both the CIT (Appeals) .....

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entitled to deduction thereunder. Thus, even if the amount of ₹ 1,32,000/- is added to the profits of the Respondent – Assessee as contended by the Revenue it would have no impact on the tax payable as the entire profit including the addition m .....

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l question of law, thus not entertained. - Income Tax Appeal No. 1891 OF 2013 - Dated:- 27-1-2016 - M.S. SANKLECHA AND B.P. COLABAWALLA JJ. For the Petitioner : Mr A.R. Malhotra with Mr N.A. Kazi For the Respondent : Mr S.C. Tiwari with Ms Rutuja Paw .....

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h AYs 2005-06, 2006-07 and 2007-08. The present Appeal relates to the order of the Tribunal for the AY 2007-08. 2. Mr Malhotra, learned counsel for the Revenue has re- framed the questions of law. At the hearing, Mr Malhotra presses only the followin .....

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sideration the clinching evidence gathered by the survey team which had found that there are many residential units in the building admeasuring more than stipulated limit of 1000 sq.ft. after including the exclusive terrace ? (B) Whether on the facts .....

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n upholding the deletion of addition of ₹ 1,32,495/- made on account of excess allotment of area to Hindustan Candle Manufacturing Co.Pvt.Ltd. While purchasing development rights from the said Company ? 3. So far as questions (A) and (B) above .....

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above were also involved for AYs 2005-06 and 2006-07. The Revenue had preferred Appeals against the common order dated 21st November 2012 of the Tribunal for the AYs 2005-06 and 2006- 07 raising both the aforesaid questions in their Income Tax Appea .....

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920 and 1900 of 2013 in respect of the same Respondent - Assessee questions (A) and (B) as proposed do not raise any substantial questions of law. 5. Accordingly, questions (A) and (B) are not entertained. 6. So far as question (C) is concerned, we f .....

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