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In the result, the appeals of the assessee are allowed and the appeal of the Revenue is dismissed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 75/Pan/2018 Assessment Year: 2014-15
carried out on assessee on 03.06.2015. During the assessment year 2015-16, the assessee has entered into Memorandum of Understanding (MOU) with M/s Vedarambh Property LLP dated 16.01.2015 towards liasoning, assisting & negotiating and getting surrendered of all rights so created due to negotiations in the land consisted of clearing the tenants and organizing and ensuring vacant and peaceful possession