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Itxa/796/2004 Of The Commissioner Of Income-Tax v. M/S A And P Developers

High Court 11 Sep 2007 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/796/2004 Of The Commissioner Of Income-Tax v. M/S A And P Developers
Date of order
11 Sep 2007
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Itxa/796/2004 Of The Commissioner Of Income-Tax v. M/S A And P Developers, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.

Decision: Appeals are dismissed as withdrawn.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.796 OF 2004WITH INCOME TAX APPEAL NO.809 OF 2004WITH INCOME TAX APPEAL NO.1012 OF 2004 INCOME TAX APPEAL NO.796 OF 2004 WITH INCOME TAX APPEAL NO.809 OF 2004 WITH INCOME TAX APPEAL NO.1012 OF 2004 The Commissioner of Income-tax ..Appellant. V/s. M/s.A.A. Developers ..Respondent. Mr.R.G.Bhat with P.S.Sahadevan for appellant. Mr.Y.R.Dube for respondent. CORAM : F.I.REBELLO ANDJ.P.DEVADHAR, JJ. CORAM : F.I.REBELLO AND J.P.DEVADHAR, JJ. DATED : 11TH SEPTEMBER, 2007. P.C. :- P.C. :- . The assesses has contended that he is following the Project completion method and that contention has been accepted by the Tribunal against which the present appeals are preferred, 2. The learned counsel for the appellant, on instructions states that the assessee for the assessment years 1995-96 filed the return on the project being completed and the entire consideration amount was offered for taxation in the year of completion of the project. The assessment order have been accepted. 3. In the light of that, learned counsel seeks leave to withdraw the appeals. Appeals are dismissed as withdrawn. Refund of Court fees as per rules.
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