received between the years 2006 to 2009. The
company had pre launched the project and started collecting
money from the buyers. Hence, at the time ... complainant between the
years 2006 to 2009. The company had pre-launched the project and started
collecting money from buyers without having necessary approvals from
schemes as accused projects which were not in
existence pre-launch stage, even some projects had not seen the light
of the day even those ... tune of
Rs. 96,447,84/-. One of the Pre-launched project namely Aquarious
Cyber park at sector 74, Gurgaon, Haryana and measuring 1608 Saft
persons induced and persuaded the
petitioner to invest the money in prelaunching project, which was yet to
M/s Prabhatam Ventures ... petitioner. It has also not
been appreciated that the prelaunching projects takes years to be
executed and petitioner was waiting for the development
Golf Course Sahkari Awas Samiti cheated them in pretext of
pre launch project.
4.13 It is further pleaded that he is not at all acquainted
Documents relating to the investment in real estate
properties including pre-launch and launched projects.
(g) Insurance policies/mutual fund and other investments
in valuable
amounts were received after the commencement of the
project or these were received at the pre-launch stage.
(iii) Please furnish photocopies of the agreement ... amounts were received after the
commencement of the project or these were
received at the pre-launch stage.
28 ITA No. 5740/Del/2013
Suncity
hedged with various
conditions, including in particular, prohibition on pre-launch of the Project, the
assessee, on pre-launch basis, entered into agreement for sale
Submissions heard and the record perused.
19. In the pre-launch of Project Arya to be constructed in Sector-62, Golf
Course Extension Road, Gurugram ... themselves
voluntarily booked a flat in a pre-launch of Arya Project and were well
aware and conscious of the details of the Project
acres of land at Focal Point, Phase VIII, Ludhiana ("Project"). For the
assessment year 2008-09, the assessee filed the original return ... hedged with various conditions, including in particular, prohibition on
pre-launch of the Project, the assessee, on pre-launch basis, entered
into agreement for sale
site. It was further stated that the Opposite Parties pre-launched a project without proper approvals and sanctions from the Government and they were collecting
