Judgment Search Results Home > Cases Phrase: patents act 1970 39 of 1970 section 150 security for costs Court: income tax appellate tribunal itat mumbai Year: 1992 Page 1 of about 1 results (0.137 seconds)

income-tax Officer Vs. W.D. Estate (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1993)45ITD473(Mum.)

..... to be needed for public purpose of housing scheme for maharashtra housing. there was a further notification on 6-8-1970 under section 6 of the act that the land was so required. it has to be remembered that in the meantime the land had already become ..... of justice.the only ground of appeal in this case is that the cit (appeals) erred in upholding the addition of rs. 39,85,892 being alleged business income on the sale of powai land. the question whether the surplus on the sale of land in ..... added as business profits accruing to the assessee and assessable as such. he has, however, granted the assessee a relief of rs. 39,85,892 because that was the amount which was taxed as business income for the assessment year 1974-75. he has further observed ..... was following the project completion method of accounting and filed the return for the year under appeal disclosing an income of rs. 35,39,408. it has to be remembered in this connection that there was a raid at the premises of the assessee and in the .....