In the result the appeal of the revenue is dismissed being devoid of merits
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Hybrid Hearing) I.T.A. Nos. 292 & 293/Asr/2024 Assessment Years: 2016-17 & 2017-18
reassessment proceedings, along with copies of letter of intent issued on 21st September, 2015 by DRAIPL group for the fly over construction and LOI dated 17th September, 2016, for the construction of ROB , cash flow summary for the period August 2015 to March 2017, depicting progressive month wise expenditure and receipts from DRAIPL group against work executed at the both