This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
On-Money Gross Receipts Not Taxable, Only Profit Can Be Assessed
Case Law Details
- Case Name
- DCIT Vs Hindva Builders (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
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 “Sici...
Author Info
