Addition made on account of EDC paid to HUDA was considered ...

Builder's claims on EDC, circle rate difference & flat buyers' PAN details partly allowed.

Case Laws Income Tax

September 11, 2024

Addition made on account of EDC paid to HUDA was considered reimbursable and not part of profit, hence disallowed. Addition u/s 43CA for difference between actual sale consideration and circle rate was remitted to AO for verification after considering facts. Addition u/s 68 for non-providing PAN of flat buyers was deleted as mere non-submission of PAN cannot lead to disallowance u/s 68 when relevant details were provided. Revenue's appeal was dismissed.

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Addition made on account of EDC paid to HUDA was considered ...

Builder's claims on EDC, circle rate difference & flat buyers' PAN details partly allowed.

Case Laws Income Tax

September 11, 2024

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