partnership owned certain contiguous plots of land at Somajiguda, Hyderabad. These different contiguous plots were thrown into the common stock of the appellant-firm ... Kasturiben Hiralal and Shri Hirji Hansraj, having thrown their plots of land in the common stock of the partnership have later sold the same indicating
Since common issues are
involved in both of these appeals, these are heard together and
decided by this common order. For the purpose of convenience ... construction of apartments. It is the common agreement by
many people, who has purchased lands/plots in the developed
area. It is also noticed that
Since common issues are
involved in all these appeals, these are heard together and
decided by this common order. For the purpose of convenience ... construction of apartments. It is the common agreement by
many people, who has purchased lands/plots in the developed
area. It is also noticed that
effective grounds raised by the department, which are
common for both the appeals, are as under:
"2. The ld. CIT(A) erred in allowing ... estate purchasing bulk lands and developing them into
plots and selling of the same. It is common knowledge
that in villages generally the transactions
development agreement, the plot owners were to receive
50% out of the total built up area, including common areas.
The spade work for preparation ... construction of apartments. It is the common agreement by
many people, who has purchased lands/plots in the developed
area. It is also noticed that
larger extent of Rs. 21.98 lakhs. The Government undertook to provide common facilities such as development of land, construction of roads, water supply, drainage, watch ... roads, to construct factories, to let out plots or buildings, to arrange common facilities, to purchase machinery and equipment and sell them on credit
unity furnished by the
existence of common management, common business
organisation, common administration, common fund
and common place of business. In the present case ... divisions are common. As narrated by the learned
AR, business is carried on at common place at Plot No.
28, IDA, Balanagar, Hyderabad
estate purchasing bulk lands and developing
them into plots and selling of the same. It is common
knowledge that in villages generally the transactions
assessee had initially
submitted a plan for approval with 84 numbers of plots numbered as 1 to
84. However, the authorities concerned observing that ... consisting of 74
plots only. The area of remaining 10 plots declared as non saleable was
included in the common area of road and park
compensate the members/subsequent purchasers the
assessee had allotted two plots on 28.10.2009 to Mr. P.V.S.
Sudhakar and Sri P.K. Rama Krishna ... made by the assessee for carving
out the plot, building the road and providing other common
facilities which were required to be taken into consideration
