PULIKKAPARAMBIL GEORGE JACOB,KOZHIKODE vs. ITO WARD 1(1), KOZHIKODE, KOZHIKODE
In the result, assessee’s appeal is allowed for statistical purposes
ITA 558/COCH/2022[2011-2012]Status: DisposedITAT Cochin02 Mar 2023AY 2011-2012
Bench: Shri Sanjay Arora (Accountant Member), Shri Sandeep Gosain (Judicial Member)
For Appellant: Shri V.M. Veeramani, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 143(3)Section 147Section 2Section 2(47)Section 2(47)(v)Section 2(47)(vi)Section 53A
housing project, given the name ‘Rain Tree Heights’, was to be completed within a period of 30 months, i.e., by August, 2013, though time was not of essence. The value of share of each co- owner, i.e., in proportion, was also determined, the assessee’s share being Rs. 26.11
lacs. Both the GPA and the JV agreement were not registered
