plots of land on conversion of pre-owned plots of land by
assessee, already appearing in her Balance sheet when purchased as
unapproved plots ... plots of land on conversion of pre-owned plots of land by assessee,
already appearing in her Balance sheet when purchased as unapproved plots
assessee has submitted that the
assessee has purchased an unapproved society plot No. B-148, Shivaji
nagar, Village Newta, Tehsil Sanganer, Jaipur in the year ... following facts:
(1) As per the procedure for conversion of unapproved plot of
land into urban plot of land, it is first surrendered
dated
unapproved plots by Housing Society but in F.Y.2012-13 were
found. Both these plots were got converted into urban plots ... urban/residential plots.
10. As per the ld AR, two unapproved society plots of land (plot No.
B-142 & Plot No. B-143) were
returned wealth of the assessee by treating unapproved/agriculture
plots/lands as taxable assets having market value of Rs.
1,60,06,563/- and which ... making
addition of Rs. 1,60,06,563/- treating unapproved/agriculture plots/lands as
taxable assets which was claimed exempt by assessee
return
wealth of the assessee by treating unapproved/agriculture plots/lands
as taxable assets assessing market value of Rs. 1,74,10,005/- and
which ... return wealth of the assessee by treating unapproved/agriculture plots/lands as
taxable assets.
4.1 Ld. Counsel for the assessee reiterated the submissions as made
relevant period the State Government imposed
restrictions on sale of unapproved plots resulting in virtual suspension of
business activities; that instalments collected from customers represented ... backdrop of business disruption owing to regulatory restrictions on sale of
unapproved plots. It is trite law that an admission, though a relevant piece
plots while computing sale value without considering the fact that the unapproved
plots were sold at lesser rate as compared to approved plots ... Theni
(2) The Assessee had certain unsold plots from the project.
(3) The plots sold were unapproved at the said point in time facing
complexity
plots while computing sale value without considering the fact that the unapproved
plots were sold at lesser rate as compared to approved plots ... Theni
(2) The Assessee had certain unsold plots from the project.
(3) The plots sold were unapproved at the said point in time facing
complexity
plots while computing sale value without considering the fact that the unapproved
plots were sold at lesser rate as compared to approved plots ... Theni
(2) The Assessee had certain unsold plots from the project.
(3) The plots sold were unapproved at the said point in time facing
complexity
plots while computing sale value without considering the fact that the unapproved
plots were sold at lesser rate as compared to approved plots ... Theni
(2) The Assessee had certain unsold plots from the project.
(3) The plots sold were unapproved at the said point in time facing
complexity
