2016 (9) TMI 7

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tire 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 record do not suggest any income earned by the assessee, over and above which was disclosed which was in tune with the development agreement. - Decided against revenue. - Tax Appeal No. 601 of 2016 - - - Dated:- 26-7-2016 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... #8377; 33.31 lacs by way of development charges as agreed between the parties. Despite which, the Assessing Officer added a sum of ₹ 61.33 lacs (rounded off) estimated approximately at 10% of the total sale receipts of ₹ 6.99 crores (rounded off) after adjusting the disclosures already made by the assessee. 3. The Commissioner of Incometax (Appeals) however deleted the additions obs .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X