Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (9) TMI 7 - GUJARAT HIGH COURT

2016 (9) TMI 7 - GUJARAT HIGH COURT - TMI - Addition on profit from Suryarath Scheme - ITAT deleted the addition - Held that:- The assessee had already disclosed the receipts as per the sale and there is no scope for further additions. This view of the Commissioner of Incometax (Appeals) was confirmed by the Tribunal. Entire issue was thus based on facts and upon apprehension of materials on record with the Commissioner of Incometax (Appeals) and Tribunal concurrently held that the evidence on r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

erred in law and on facts in deleting the addition of ₹ 61,33,566/made by the AO on account of profit from Suryarath Scheme, without properly appreciating the facts of the case and the material brought on record by the AO ? 2. We have perused the orders on record with the assistance of the learned counsel for the Revenue. We notice that the assessee had entered into the development agreement with the members of the cooperative housing society and had shown a total profit of ₹ 33.31 l .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version