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Showing contexts for: paripassu in Shri Rameshlal Bullchand Ambwani, ... vs The Pr. Cit-3, Ahmedabad on 24 January, 2024Matching Fragments
Since facts and issues in both the cases before us are identical, we shall be dealing with the facts in the case of Shri Rameshlal B. Ambwani in ITA No.196/Ahd/2022 and our decision rendered therein will apply paripassu to other appeals in the case of Shri Chanderlal Bulchand Ambwani, in ITA No.234/Ahd/2023.
3. ITA NO.196/Ahd/2022 A.Y 2017-18
4. Perusal of the order of the Ld.PCIT reveals that the error noted by him in the assessment order was with respect to the AO accepting the terms of the revised Joint Development agreement entered into by the assessee with a company relating to consideration for transferring land to the company, which as per the Ld.PCIT was not inquired into by the AO before accepting the same.