LATITUDE INFRAVENTURES,NAGPUR vs. PCIT,NAGPUR-1, NAGPUR
In the result, appeal filed by the assessee for assessment year 2017–18
ITA 349/NAG/2024[2016-17]Status: DisposedITAT Nagpur22 Oct 2024AY 2016-17
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Abhay AgrawalFor Respondent: Shri Sandipkumar Salunke
Section 143(1)Section 143(3)Section 147Section 148Section 263Section 263(2)
Charitable Trust (land owner) on 31.08.2015. The learned CIT has observed that, valuation of cost of free construction to the land owner as per ready reckoner as mentioned in the agreement of Rs. 2,81,33,000/- has been allegedly included in the land cost and shown as work-in-progress in the profit and loss account totalling to Rs.15
