https://www.taxtmi.com/caselaws?id=247420 The Tribunal upheld the CIT(A) decision in the appeal against disallowance of development expenses claimed by a partnership firm for AY 2009-10. The dispute centered on whether expenses for amenities provided to land purchasers were capital or revenue in nature. The CIT(A) ruled in favor of the Assessee, stating the amenities were for all plot owners and not retained by the firm. The Tribunal found no reason to interfere with the CIT(A) order, dismissing the Revenue's appeal for lack of challenge or supporting material. en-us Tue, 29 Apr 2014 00:00:00 +0530 Mon, 12 May 2014 10:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247420 The Tribunal upheld the CIT(A) decision in the appeal against disallowance of development expenses claimed by a partnership firm for AY 2009-10. The dispute centered on whether expenses for amenities provided to land purchasers were capital or revenue in nature. The CIT(A) ruled in favor of the Assessee, stating the amenities were for all plot owners and not retained by the firm. The Tribunal found no reason to interfere with the CIT(A) order, dismissing the Revenue's appeal for lack of challenge or supporting material. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247420