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Construction Costs Disallowed in Tower Project; Claimed Rate Deemed Acceptable for Flat Sale Profits.

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Full Text of the Document

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....Profits on sale of Flats - disallowance in respect of additional cost of construction of Tower - We see no infirmity in the cost of construction claimed by the assessee for the year under consideration at Rs. 3438/- per sq.ft. which is below the average rate communicated by GPL and the final rate agreed with GPL. - AT....

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