https://www.taxtmi.com/caselaws?id=234740 The Revenue's appeal, initially time-barred, was allowed for hearing after a condonation petition citing valid reasons for delay. The deletion of Rs.42,96,000 under "Land procurement and registration" was upheld by the Commissioner, as the expenditure was part of work-in-progress and not claimed as a business expense. Disallowances of expenses for non-deduction of TDS were set aside as no deductions were claimed in the profit and loss account. The tribunal dismissed the Revenue's appeal and allowed the Cross Objection of the assessee, emphasizing the treatment of expenses in the profit and loss account and work-in-progress. en-us Tue, 18 Jun 2013 00:00:00 +0530 Wed, 26 Jun 2013 08:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234740 The Revenue's appeal, initially time-barred, was allowed for hearing after a condonation petition citing valid reasons for delay. The deletion of Rs.42,96,000 under "Land procurement and registration" was upheld by the Commissioner, as the expenditure was part of work-in-progress and not claimed as a business expense. Disallowances of expenses for non-deduction of TDS were set aside as no deductions were claimed in the profit and loss account. The tribunal dismissed the Revenue's appeal and allowed the Cross Objection of the assessee, emphasizing the treatment of expenses in the profit and loss account and work-in-progress. Case-Laws Income Tax Tue, 18 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234740