2018 (3) TMI 387

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....Respondent : P.C. Jain,Ashish Bansal ORDER Heard Shri Praveen Kumar, learned counsel for the department and Shri Ashish Bansal, learned counsel for the assessee. This appeal under Section 260-A of the Income Tax Act, 1961(hereinafter referred to as the 'Act') has been filed by the department against the order of the Income Tax Appellate Tribunal dated 10.09.2009 for the assessment....

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.... especially after the retrospective amendment made in the said section in Union Budget 2009-10. 3. Whether execution of a civil contract in a housing project being developed by any other legal entity can be equated with the development and building of housing and such civil contractor can be termed as developer and builder of housing project?" The question nos.2 and 3 are covered by a ....

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....ver, each year stands on its own footing and showed the expenditure and income. The amount which was earned by the Director Asha Peterson was disclosed and declared by her in her income tax return and was paid tax on it. The Tribunal also recorded a finding of fact that the business of the assessee was of selling flats and flats had been booked in that year and had been sold and her services ha....