TaxTMI 
TaxTMI 
2019 (2) TMI 732
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....or the Appellant : Mr. Sursh Kumar For the Respondent : None ORDER P.C. 1. The Revenue is in appeals against the common judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short), raising following question for our consideration : (i) Whether on the facts and circumstances of the case and in law, the Tribunal was correct in holding that payment received by the assessee is not i....
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....rried the matter in appeal before the Tribunal. The Tribunal by the impugned judgment confirmed the decision of CIT(A) making following observations : " 8. We have considered the rival contentions and have also gone through the records. We find that the Ld. CIT(A) has passed a very detailed and elaborative order wherein after verification of the records it has been pointed out that the amount re....
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....assessee for taxation and the same was accordingly claimed as expenditure by the builder. Till the completion of the project, the amount was not claimed by the builder as expenditure. The Ld. CIT(A) has also taken into consideration the accounting method in relation to different projects and it was found that wherein there was a resultant loss, no income was offered by the assessee; and where ther....