M/S ESCO MARUTI BUILDERS PVT. LTD.,,AGRA vs. J.C.I.T., RANGE-4, AGRA

In the result, the appeal is allowed

Bench: Shri A. D. Jain & Dr. Mitha Lal Meena

disallow the other balancing part of the same income which is the investment in Maruti City Project. The Assessing Officer cannot have two yard-sticks to assess the income of the assessee. The statements and facts have to be accepted in totality and not in piece-meal as suits the Assessing Officer. The assessee has followed the provisions

A.C.I.T., CIRCLE-2,, AGRA vs. M/S SAKSHI TAIRI & CHHAYA BATTAD, MORENA

In the result, appeal of the Revenue is allowed for statistical purposes