https://www.taxtmi.com/caselaws?id=120514 The Tribunal ruled in favor of the assessee, a civil construction firm, in a tax dispute regarding the disallowance of expenditures for the Cost of Purchase of Right of Way and Purchase of Additional Floor Space Index (FSI). The Tribunal found the expenses reasonable and necessary for project viability, emphasizing that the costs were in line with market rates and provided significant benefits. The appeal by the assessee was allowed, and the appeal by the revenue was dismissed, concluding that no disallowance was warranted under Section 40A(2)(a) of the Income Tax Act. en-us Thu, 29 May 2008 00:00:00 +0530 Fri, 20 Jul 2012 17:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120514 The Tribunal ruled in favor of the assessee, a civil construction firm, in a tax dispute regarding the disallowance of expenditures for the Cost of Purchase of Right of Way and Purchase of Additional Floor Space Index (FSI). The Tribunal found the expenses reasonable and necessary for project viability, emphasizing that the costs were in line with market rates and provided significant benefits. The appeal by the assessee was allowed, and the appeal by the revenue was dismissed, concluding that no disallowance was warranted under Section 40A(2)(a) of the Income Tax Act. Case-Laws Income Tax Thu, 29 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120514