In the result, the assessee’s appeal is allowed
Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2007-08
68,17,800/- 5. Ramaiah 72,05,600/- 6. Rajesh 1,24,97,800/- 7,55,85,800/- b/f 7,55,85,800/- ii) Expenditure towards levelling of land Sl.No. Name of the payee Amount paid 1. Rajanna 2,17,750/- 2. Madan 5,77,850/- 3. Anand 2,44,800/- 10,40,400/- 10,40,400/- Thus the total