TMI Blog2014 (2) TMI 1362X X X X Extracts X X X X X X X X Extracts X X X X ..... total turnover to arrive at taxable turnover - Joint Development Agreement with the land owner to construct the building for him - HELD THAT:- The deduction is allowed - decided in favour of the respondent- assessee and against the Revenue. - STRP. Nos. 215 and 435-477/2013 - - - Dated:- 13-2-2014 - D.B. Bhosale and B. Manohar, JJ. For Appellant: Sri T.K. Vedamurthy, HCGP F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... question Nos. 1 and 3 only need to be considered in these revision petitions. In other words, he submits that the other questions though raised need not be considered and answered. His statement is recorded and accepted. 3. The submission of learned HCGP for the petitioner has not been disputed by learned counsel for the respondent. Therefore, the questions that fall for our consideratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsofar as the first question is concerned, learned counsel for the parties are ad-idem that it is covered by the judgment of this Court in STRP No. 240/2011 and connected revision petitions decided on 10-12-2013. In view thereof, learned HCGP appearing for the petitioner submits that the first question may be answered in favour of the respondent-assessee and against the petitioner. 5. Lea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estion. We do find ourselves in agreement with learned counsel for the respondent that the second question is squarely covered by the judgment of the Supreme Court in Larsen Toubro Ltd. (supra). Learned HCGP appearing for the petitioner fairly states that the second question is covered by the judgment in Larsen and Toubro Ltd. Hence, we answer the second question of law in favour of the responde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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