https://www.taxtmi.com/caselaws?id=351253 The Tribunal upheld the Revenue's jurisdiction assumption under section 153C due to the same AO for both entities, following Ganpati Fincap Services Pvt. Ltd vs. CIT. The addition of interest on PDCs paid outside the books was deleted based on judicial consistency with M/s IAG Promoters and Developers Pvt. Ltd. Disallowance of additional land payments was rejected as no deduction was claimed, akin to M/s Westland Developers Pvt. Ltd. Cash payment disallowance under section 40A(3) was overturned, and an addition based on an unmentioned document was deleted, emphasizing proper satisfaction note adherence. The assessee's appeal partly succeeded, emphasizing judicial consistency and principles. en-us Mon, 11 Sep 2017 00:00:00 +0530 Tue, 21 Nov 2017 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351253 The Tribunal upheld the Revenue's jurisdiction assumption under section 153C due to the same AO for both entities, following Ganpati Fincap Services Pvt. Ltd vs. CIT. The addition of interest on PDCs paid outside the books was deleted based on judicial consistency with M/s IAG Promoters and Developers Pvt. Ltd. Disallowance of additional land payments was rejected as no deduction was claimed, akin to M/s Westland Developers Pvt. Ltd. Cash payment disallowance under section 40A(3) was overturned, and an addition based on an unmentioned document was deleted, emphasizing proper satisfaction note adherence. The assessee's appeal partly succeeded, emphasizing judicial consistency and principles. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351253