THE ACIT, CENTRAL-2, INDORE vs. SHRI NITESH CHUGH, INDORE
In the result, the appeals of the Revenue for the A
ITA 122/IND/2017[2013-14]Status: DisposedITAT Indore23 Aug 2021AY 2013-14
Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)
depreciation
as the assessee carried out the activities of development of project as
an investor and not as a builder. The Ld. CIT(A) further stated that 31
Mohanlal Chugh & others
without bringing any corroborative evidence on record the profit of
the project cannot be estimated @30%. The Ld. CIT(A) relied upon
the decision of Hon’ble Supreme Court
