2 results for “house property”+ Section 2(71)clear
Sorted by relevance
In the result, both the appeals of the assessee for ay: 2015-16 and 2016-17
Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar
2. The ld. CIT(A) has erred in making the addition of Rs. 6,39,33,174 received as interest on advances given to contractors for construction work because the said receipts are inextricably linked with plant set up activities and hence is in the nature of Capital Receipt and are being set off against Expenditure during construction period, This