DEMI REALTORS,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD
In the result, the appeal of the assessee is partly allowed for statistical purposes on the above terms
ITA 156/HYD/2023[2008-09]Status: DisposedITAT Hyderabad05 Feb 2024AY 2008-09
Bench: Shri R.K. Panda & Shri Laliet Kumar
For Respondent: Ms. T. Vijaya Lakhsmi, CIT-DR
Section 143(3)Section 37(1)Section 40Section 40A(3)Section 40a
28A) of the Act.
12. In the THIRD ROUND of proceedings before ld. CIT(A), the Appellant pleaded the ground of financial stringency. The Appellant respectfully submits that the AO in the asst. order in the middle of page
2 of his order has observed that “Demi Realtors a partnership firm was formed to facilitate the purchase of lands
