M/S MACRO MARVEL PROJECTS LTD.,CHENNAI vs. ITO, COMPANY WARD-IV(1), CHENNAI

In the result, the appeal filed by the assessee is allowed and the appeal filed by the Revenue is dismissed

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

68,79,782/- u/s. 80IB(10) of the Act in respect to project ITA Nos: 2259/Chny/2007 & 194/Chny/2008 Marvel Apoorva resulting thereby a net loss of Rs. 35,78,307/-. The assessee claimed before the AO that the project name Marvel Apoorva was a plot area of 2.7 acres and having sanctioned built up area as mentioned in para

ACIT, CHENNAI vs. M/S MACRO MARVEL PROJECTS LTD, CHENNAI

In the result, the appeal filed by the assessee is allowed and the appeal filed by the Revenue is dismissed