https://www.taxtmi.com/caselaws?id=159335 The Tribunal ruled in favor of the assessee, holding that 'Nirgam Mulya' should be treated as part of Bid money, not the purchase price, for computing profits under section 44AC of the Income-tax Act. The Court emphasized the inconsistency in interpreting the provision across states and the necessity for uniform application of tax laws. The judgment underscored the unresolved nature of the issue concerning the inclusion of 'Nirgam Mulya' in the purchase price, calling for clarity in statutory interpretation. en-us Tue, 26 Apr 2005 00:00:00 +0530 Wed, 20 Nov 2013 18:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159335 The Tribunal ruled in favor of the assessee, holding that 'Nirgam Mulya' should be treated as part of Bid money, not the purchase price, for computing profits under section 44AC of the Income-tax Act. The Court emphasized the inconsistency in interpreting the provision across states and the necessity for uniform application of tax laws. The judgment underscored the unresolved nature of the issue concerning the inclusion of 'Nirgam Mulya' in the purchase price, calling for clarity in statutory interpretation. Case-Laws Income Tax Tue, 26 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159335