2013 (10) TMI 981

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....other projects. Assessee filed its return of income for A.Y. 2007-08 on 16.10.2007 declaring total income at Rs. 13,22,890/-. The case was selected for scrutiny and thereafter the assessment was framed under Section 143(3) vide order dated 08.05.2009 and the total income was determined at Rs. 31,65,510/-. Aggrieved by the order of A.O., Assessee carried the matter before CIT(A). CIT(A) vide order dated 12th August 2010 granted partial relief to the Assessee. Aggrieved by the aforesaid order of CIT(A), the Revenue is now in appeal before us and has raised the following effective ground :- 1. The learned CIT(A) erred in law and on facts in deleting addition of Rs. 18,42,620/- made by the Assessing Officer on account of disallowance of dedu....

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....roject by incurring all the expenses and taking all the risks involved therein. He, thus, following the decision of Ahmedabad Tribunal in the case of Radhe Developers and others vs. ITO and the decision in the case of Shakti Corporation decided the issue in favour of the Assessee. Aggrieved by the order of CIT(A) the Revenue is now in appeal before us. 5. Before us, the ld. D.R. relied on the order of A.O. The Ld. A.R. on the other hand submitted that on identical facts in the case of Assessee for earlier years, the issue has been decided in favour of the Assessee by the Hon. Tribunal. He placed on record, the copy of a consolidated order of Tribunal dated 14.08.2013. He thus submitted that since the facts of the case in the year under a....