Estimated Project Cost Calculated as per provision of Water and Air Act: ITAT upholds Deletion of Additional Income [Read Order]

Project Cost Calculated - Water - Air Act - ITAT - Deletion - Additional Income - Taxscan

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that estimated project cost calculated as per provision of Water and Air Act and upholds the deletion of Additional income. The assessee, M/s. Toucan Real Estates engaged in the business of real estate development of a project “Hotel cum Commercial Complex”….

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