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Case Law Details

Case Name : M/s. DSL Vs ITO (ITAT Hyderabad)
Related Assessment Year : 2008- 09 to 2011-12
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M/s. DSL Vs ITO (ITAT Hyderabad)

 In the present case, the rents are received on a property purchased for setting up of the project and is inextricably linked to the completion of the project. Considering the fact that the assessee had taken steps to evict tenants and also paid compensation to them while getting vacant possession for completing the project, the rental receipts received during the period have to be set off to the cost of project. Accordingly, I am of the opinion that the said amounts canno

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