https://www.taxtmi.com/caselaws?id=372141 The Tribunal partly allowed the appeals, deleting the addition made by the AO and upheld by the CIT(A) regarding the 14% share in the project sale consideration. The Tribunal modified the CIT(A)'s direction on taxing the profit on unsold units, specifying that only the actual profit related to the assessee should be considered. It resolved the issue of double taxation in favor of the assessee, concluding that the AO's addition resulted in unwarranted double taxation. The appeals were partly allowed, with the order pronounced on 07-12-2018. en-us Fri, 07 Dec 2018 00:00:00 +0530 Tue, 18 Dec 2018 12:41:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372141 The Tribunal partly allowed the appeals, deleting the addition made by the AO and upheld by the CIT(A) regarding the 14% share in the project sale consideration. The Tribunal modified the CIT(A)'s direction on taxing the profit on unsold units, specifying that only the actual profit related to the assessee should be considered. It resolved the issue of double taxation in favor of the assessee, concluding that the AO's addition resulted in unwarranted double taxation. The appeals were partly allowed, with the order pronounced on 07-12-2018. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372141