https://www.taxtmi.com/caselaws?id=246743 The High Court allowed the application for condonation of delay in the appeal, leading to the dismissal of the revenue's appeal and the allowance of the cross objection by the assessee. The Court upheld the CIT's decision to delete certain expenditures claimed by the assessee for land purchase, stating they were not business expenditures. The Court clarified that section 40(a)(ia) applies to revenue nature expenditures shown as work in progress, setting aside the Tribunal's allowance of the cross objection by the assessee. en-us Wed, 09 Apr 2014 00:00:00 +0530 Mon, 21 Apr 2014 09:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246743 The High Court allowed the application for condonation of delay in the appeal, leading to the dismissal of the revenue's appeal and the allowance of the cross objection by the assessee. The Court upheld the CIT's decision to delete certain expenditures claimed by the assessee for land purchase, stating they were not business expenditures. The Court clarified that section 40(a)(ia) applies to revenue nature expenditures shown as work in progress, setting aside the Tribunal's allowance of the cross objection by the assessee. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246743