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Decision: Appeals are dismissed as withdrawn.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as withdrawn.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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