https://www.taxtmi.com/caselaws?id=186446 The Tribunal allowed the appeal, overturning the disallowance of construction costs and rejecting the applicability of section 2(47) of the Income Tax Act. The directions for reassessment for Assessment Year 2001-02 were quashed, and the Tribunal directed the Assessing Officer to accept the profit shown by the assessee. en-us Fri, 22 Jan 2010 00:00:00 +0530 Mon, 19 Sep 2016 12:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186446 The Tribunal allowed the appeal, overturning the disallowance of construction costs and rejecting the applicability of section 2(47) of the Income Tax Act. The directions for reassessment for Assessment Year 2001-02 were quashed, and the Tribunal directed the Assessing Officer to accept the profit shown by the assessee. Case-Laws Income Tax Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186446