In the result, both the appeals of assessee and Revenue are allowed for statistical purposes
Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar
charitable purpose. Thereafter, on based on the reply filed by the assessee, Assessing Officer had completed the assessment by making an addition of Rs.348,54,20,854/- being 85% of the development charges of Rs.410,04,95,122/-. 5. Feeling aggrieved with the above order, assessee filed appeal u/s 246A of the Act before ld.CIT(A)-3, who vide order