Indian Kanoon - Search engine for Indian Law

case Reliance Petroproducts and Delhi High Court in the case of Zoom developers is squarely applicable in favor of the appellant. 10. In view

assessment. Thus, this case is clearly distinguishable. The decision of Zoom Developers relied on by the learned AO is distinguishable. In the case before

confirmed 5 M/s Shree Laxmi Developers addition made by the AO towards estimation of net profit from Zoom Plaza and Aurm Park and also ... estimation of net profit from Zoom Plaza and Aurm Park. The AO has estimated net profit from Zoom Plaza and Aurm Park on the ground

property developers. In course of assessment proceedings the Assessing Officer observed that the assessee firm had developed a mall known as "Zoom Plaza ... find that the assessee is engaged in the business of builder and developers. Shops which have remained unsold and hence are in stock-in- trade

show the working of project as "the firm is developing the project "Zoom Plaza"Mall in Joint Venture with M/s. Dream

fresh suit praying for a decree against M/s. Sai Lee Developers and Sai Lee Infotech Ltd. that a formal agreement be directed ... areas by Society and its 31 Members, it has claims by former developers such as Yashraj and others, also third parties such as Great Deal

name and addresses of the lenders along with 3 Shree Laxmi Developers ITA No.7459/Mum/2014 supporting evidence to prove the identity and capacity ... profit of Rs.50,32,743/- (Rs.28,73,874/- from Zoom Plaza and Rs.21,58,869/- from Aurum Park) as against

revenue on the judgment of the Delhi High Court in CIT vs. Zoom Communication (P) Limited , (2010) 327 ITR 510 is of no help ... 1772/Mum/2017 A.Y 2012-13 Solidity Developers Private Ltd. Vs. Dy. Commissioner of Income Tax-11(2)(2) 7. Thus, no substantial question

judgment of UOI v. Dharmendra Textile Processors , 306 ITR 277 (SC) and Zoom Communications Private Limited(2010) 191 Taxman 179 (Delhi) 5 ITA 7403 ... more so the assessee has got the flat from the developer who is developing the property of the assessee which was an ancestral property acquired

carried the issue of deletion of penalty before the Tribunal. 5 Akshar Developers 5. Before us, the learned Departmental Representative submitted that the assessee ... Delhi High Court in CIT v/s Zoom Communication Pvt. Ltd. , [2010] 191 Taxman 179 (Del.) for the proposition that if the assessee makes