assessee earned
interest on the advances received from the developers and
contractors to facilitate the execution of work entrusted to them.
Declining the contentions raised ... assessee the AO considered
the interest received on advances to the developer/contractors under
the head "income from other sources" and proceeded
assessee earned
interest on the advances received from the developers and
contractors to facilitate the execution of work entrusted to them.
Declining the contentions raised ... assessee the AO considered
the interest received on advances to the developer/contractors under
the head "income from other sources" and proceeded
assessee earned
interest on the advances received from the developers and
contractors to facilitate the execution of work entrusted to them.
Declining the contentions raised ... assessee the AO considered
the interest received on advances to the developer/contractors under
the head "income from other sources" and proceeded
assessee earned
interest on the advances received from the developers and
contractors to facilitate the execution of work entrusted to them.
Declining the contentions raised ... assessee the AO considered
the interest received on advances to the developer/contractors under
the head "income from other sources" and proceeded
assessee earned
interest on the advances received from the developers and
contractors to facilitate the execution of work entrusted to them.
Declining the contentions raised ... assessee the AO considered
the interest received on advances to the developer/contractors under
the head "income from other sources" and proceeded
party though he was permitted to engage
contractors etc but the overall responsibility was of the developer. In short,
assessee had no right in present ... Further, since the assessee is engaged in the business of builder,
developer, contractor, estate agent etc. therefore, such transfer of development
rights by the assessee
developer is the person who conceives the project. It is not
necessary for the developer to execute the project. A contractor on
the other hand ... work may be subcontracted out, the contractor remains
the contractor and does not become the "developer". The idea for
the projects has originated
assessee company is
engaged in the business of civil construction, builder, developer,
contractor and sub-contractor by profession. Original assessment was
completed by the DCIT
section is
applicable if the payment is made by contractor to sub-contractor and this
being not the case here , the provisions of Section 194C ... builder and developers and he employed others as contractors and
contractors appointed sub-contractors to get the work done. The CIT(A) after
considering
India or aboard the business is real-estate, builders,
developers, construction, contractors, designers, architects,
decorators and brokers of all types of residential, non-residential
buildings ... Association, the assessee's business is real-estate, builders,
developers, construction, contractors, designers, architects, decorators and
brokers of all types of residential, non-residential
