https://www.taxtmi.com/caselaws?id=259888 The Revenue's appeal against the deletion of an addition of Rs. 72,44,000/- on account of profit on the sale of land was dismissed by the Tribunal. It was found that the entire consideration was received by another entity and not the assessee, as per a development agreement and court orders. Additionally, the cross-objection regarding double taxation of Rs. 31,00,000/- in the hands of two entities was not pressed by the assessee, leading to its dismissal by the Tribunal. The Tribunal upheld the CIT(A)'s decision, ensuring no double taxation and confirming the findings. en-us Wed, 29 Apr 2015 00:00:00 +0530 Mon, 25 May 2015 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259888 The Revenue's appeal against the deletion of an addition of Rs. 72,44,000/- on account of profit on the sale of land was dismissed by the Tribunal. It was found that the entire consideration was received by another entity and not the assessee, as per a development agreement and court orders. Additionally, the cross-objection regarding double taxation of Rs. 31,00,000/- in the hands of two entities was not pressed by the assessee, leading to its dismissal by the Tribunal. The Tribunal upheld the CIT(A)'s decision, ensuring no double taxation and confirming the findings. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259888