MANTRA MAJESTIQUE ASSOCIATES AOP,,VARANASI vs. PCIT, VARANASI
In the result, the appeal of the assessee stands allowed
ITA 7/VNS/2021[2016-2017]Status: DisposedITAT Varanasi01 Sept 2021AY 2016-2017
Bench: Shri. A. D. Jain & Shri T. S. Kapoorassessment Year: 2016-17 Mantra Majestique Associates, V. Pr. Cit Aop Allahabad Flat No.22, S-20/53-1 Sunderam Villa, Varuna Bridge Budha Vihar Colony Varanasi Tan/Pan:Aadam0702H (Appellant) (Respondent) Appellant By: Shri V. K. Jindal, C.A. Respondent By: Smt. Abha Kala Chanda, Cit (Dr) Date Of Hearing: 12 08 2021 Date Of Pronouncement: 01 09 2021 O R D E R
For Appellant: Shri V. K. Jindal, C.AFor Respondent: Smt. Abha Kala Chanda, CIT (DR)
Section 142(1)Section 143(2)Section 143(3)Section 263Section 43C
disallowance of land cost cannot be claimed in subsequent years.
5. Because the proposed direction of Pr. CIT would cause a double jeopardy to the assessee of being made liable to pay double tax on the same income.
6. Because the Ld. CIT ignored the evidences produced before him during the revisionary proceedings to substantiate that no land cost
