M/S. SIMTOOLS PVT. LTD.,MUMBAI vs. DCIT , CENTRAL CIRCLE-7(3) ( EARSTWHILE DCIT- CENT. CIR-42), MUMBAI
In the result, this appeal by the assessee stands allowed as above
ITA 1574/MUM/2020[2011-12]Status: DisposedITAT Mumbai09 Feb 2022AY 2011-12
Bench: Shri Shamim Yahya & Shri Amarjit Singh
For Appellant: Shri Anuj KisnadwalaFor Respondent: Shri Vinay Sinha
Section 132(4)Section 153CSection 32(1)Section 79
price was brought down viz-a-viz market value. Even the flats which are sold almost in the same period had different rates as per agreement where there was no SCUD meeting the rates charged were higher viz-a-viz the rates fixed after SCUD meeting. Taking into consideration this factor, Mr. Abhinandan Lodha made a disclosure of Rs.51 Crore
