https://www.taxtmi.com/caselaws?id=253803 The High Court upheld the Tribunal's decision to delete the disallowance under Section 69C of the Income Tax Act regarding costs of sales of land. The Court found the Tribunal's interpretation and application of the law to be legally sound, emphasizing the need to meet specific conditions for the proviso to apply. The judgment stressed the importance of factual circumstances in applying tax provisions and dismissed all appeals for lack of substantial legal questions. en-us Fri, 14 Nov 2014 00:00:00 +0530 Thu, 04 Dec 2014 06:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253803 The High Court upheld the Tribunal's decision to delete the disallowance under Section 69C of the Income Tax Act regarding costs of sales of land. The Court found the Tribunal's interpretation and application of the law to be legally sound, emphasizing the need to meet specific conditions for the proviso to apply. The judgment stressed the importance of factual circumstances in applying tax provisions and dismissed all appeals for lack of substantial legal questions. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253803