KUMAR PROPERTIES AND REAL ESTATE PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 14,, PUNE
In the result, the appeal filed by the assessee stands partly allowed for statistical purposes
ITA 684/PUN/2018[2014-15]Status: DisposedITAT Pune25 Aug 2022AY 2014-15
Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita No.684/Pun/2018 िनधा"रण वष" / Assessment Year: 2014-15 Kumar Properties & Real Vs. Dcit, Circle-14, Pune. Estate Pvt. Ltd., 1St Floor, Kumar Capital, East Street, Camp, Pune-411001. Pan : Aaack7490H Appellant Respondent Assessee By : Shri Rajan R. Vora & Shri Rajendra Agiwal Revenue By : Shri Abhinay S. Kumbhar Date Of Hearing : 19.07.2022 Date Of Pronouncement : 25.08.2022 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)- 7, Pune [‘The Cit(A)’] Dated 23.02.2018 For The Assessment Year 2014-15. 2. Briefly, The Facts Of The Case Are That The Appellant Is A Company Incorporated Under The Provisions Of The Companies Act, 1956. It Is Engaged In The Business Of Promoter & Developer Of The Housing Project. The Return Of Income For The Assessment Year
For Appellant: Shri Rajan R. Vora &For Respondent: Shri Abhinay S. Kumbhar
Section 143(3)Section 14ASection 22
68,680/-.
As regards, the addition on account of provision for expense of Rs.11,38,26,228/-, the ld. CIT(A) considering the details of provision made and the submission of the appellant that out of the total sum of Rs.11,38,26,228/-, an amount of Rs.8,70,76,854/- was directly included as part of the closing work
