On-Money Gross Receipts Not Taxable, Only Profit Can Be Assessed

DCIT Vs Hindva Builders (ITAT Ahmedabad) On-Money Can’t Be Taxed in Full: Gross Receipts Not Income: ITAT Ahmedabad Upholds 17% Estimation & IDS Telescoping;  ITAT Confirms Profit-Only Tax on Real-Estate On-Money The Ahmedabad Bench of the ITAT, vide common order dated 01.01.2026, dismissed the Revenue’s appeals in DCIT v. Hindva Builders (ITA Nos. 1450 & 1451/Ahd/2024 and 1562 & 1563/Ahd/2024) relating to AYs 2015-16, 2016-17 and 2017-18, arising from additions on alleged receipt of on-money in the assessee’s real-estate projects “Dreamland” and “Sicilia”. For AY 20...