HARI NARAYAN GUPTA (HUF),PATNA vs. ITO, WARD- 6 (5), PATNA

In the result, the appeal of the assessee is allowed

260 ITR 491\n(Bombay)/[2003] 180 CTR 107 (Bombay) [13-02-2003], however,\nthe facts are distinguishable as in that case the substantial payments\nwere made at the time of execution of joint development agreement.\nAfter hearing the rival contentions and perusing the materials\navailable on record, we find that the assessee has entered into a\nLand Development Agreement

SHEKHAR NARAYAN,PATNA vs. NFAC, DELHI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes