| COURT: | Bombay High Court |
| CORAM: | A. P. Bhangale J, B. P. Dharmadhikari J |
| SECTION(S): | 3 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | AOP, Joint Venture |
| COUNSEL: | N. S. Bhattad |
| DATE: | March 2, 2015 (Date of pronouncement) |
| DATE: | March 9, 2015 (Date of publication) |
| AY: | - |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Even if contract is awarded to the Joint Venture, the income is assessable only in the hands of the person which has executed the work | |
The ITAT has as a matter of fact found that the assessee/ joint venture did not execute the contract work and the said work was done by one of its constituents namely SMS Infrastructure Limited. It is also found that the receipts for the said project work are reflected in the books of account of SMS Infrastructure Limited and in return, said SMS Infrastructure Limited has disclosed that income. The said return was accepted by the Assessing Officer
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