ARIHANT DEVELOPERS ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

Section 2(47)(v) and the\nassessee becomes the owner of the land and building thereon constructed by it.\nc. Since the assessee is owner of the building as discussed above, the assessee shall be\nliable for all the provisions of the Act in respect of the building. The property\nconstructed and remained unsold during the year, shall be liable

THE PHOENIX MILLS LTD,MUMBAI vs. DCIT CEN CIR 47, MUMBAI