Confederation Of Real Estate Brokers’ ... vs Magicbricks.Com & Ors on 3 May, 2016
COMPETITION COMMISSION OF INDIA
Case ... Anmol, 1st Lane, 7th Road
Santacruz East, Mumbai - 400055 Informant
And
1. Magicbricks.com
Times Centre (Digital Content Production Facility)
FC-6, Ground Floor, Sector
vacant. The AO made enquiries
from various real estate websites such as magicbricks.com, 99acres.com etc
to come to conclusion that the prevailing market ... both
the flats by relying upon the websites of 99acres.com, magicbricks.com etc
wherein the monthly rental was stated
Reference has also been taken from website
of www.magicbricks.com for making the addition. As per the assessment
order, the assessee submitted the details ... making reference to the rates as per the portal Magicbricks.com, which
was added to the income.
Page |6
ITA No. 1848/Mum/2025
February 2015 running business of a property portal in the
name of MagicBricks.com was acquired through slump sale
from its holding company as part ... timesjob.com,:toi,in,et.in etc. The
real estate listing portal magicbrick.com was also hosted
by the holding company however, with a view
enquiry and the information available on the websites like 99acres.com and
magicbricks.com are not reliable. In support of his claims the appellant ... report/field enquiries
and the data available on websites 99acre.com and magicbrick.com.
7.4.2 While completing the assessment the Ld. AO has observed that
different flats. The Assessing
Officer also took a printout from Website www.magicbricks.com showing
the price trend in the Kharghar locality from the period ... graph purporting to display sale price trends in Kharghar
drawn from www.magicbricks.com should not be considered as the
material and evidence for ascertaining
fair
rent based on the trend shown in the website
"Magicbricks.com".
1.5 The appellant prays that it be held that the
actual ... fair rent based on the trend shown in the website
of "Magicbricks.com."
2.5 The appellant prays that it be held that
flats in the area and after searching on
the websites such as magicbrick.com, 99acres.com etc., arrived at a prevailing
market rent of these ... year to year while the prevailing market rent as per websites of
magicbrick.com, 99acres.com etc. comes to Rs. 200 per square feet
sites of
property sale sites of 99 acres.com and magicbricks.com noted that the
current market price of flat at Ratnakar
that as per the information available on the website by name
www.magicbricks.com, the probable rate for Sapphire Park should
