M/S PRESTIGE ESTATES PROJECTS LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-18(1), BANGALORE
In the result, the appeal of the assessee is allowed
ITA 813/BANG/2019[2014-15]Status: DisposedITAT Bangalore02 Mar 2021AY 2014-15
Bench: Shri N.V.Vasudevan, Vp & Shri Chandra Poojari, Am
For Appellant: Sri.Padamchand Khincha, CAFor Respondent: Smt.R.Premi, JCIT-DR
Section 191Section 194Section 201Section 201(1)Section 206ASection 4
House of Lords in Currie v Misa (1875) 10 Exch. 153, 162 [as quoted at
9
M/s.Prestige Estates Projects Limited.
Page 33 of the Pollock & Mulla Indian Contract and Specific
Relief Acts 11th edition Volume I] defined the term
‘consideration’ to mean “A valuable consideration in the sense of the law may consist either in some right, interest, forbearance, detriment