Case Law Details
Case Name : M/s. Magmo Textiles Equipment Pvt.Ltd. Vs Income tax Officer (ITAT Mumbai)
Appeal Number : I.T.A./6076/Mum/2014
Date of Judgement/Order : 23/05/2018
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Mumbai
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M/s. Magmo Textiles Equipment Pvt.Ltd. Vs ITO (ITAT Mumbai)
In our opinion,to claim benefit of section 50 of the Act ,issuance of an allotment letter from a builder or developer is not sufficient.On 09.02.2011,the assessee had made payment of Rs.44.01 lakhs. Second installment was to paid on completion of fi
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