https://www.taxtmi.com/caselaws?id=262206 The Tribunal confirmed the disallowance of Rs. 46,77,792 for unapproved gratuity fund payments. The Tribunal allowed the premium paid for leave encashment. The addition of interest accrued on FDRs under the ASIDE scheme was deleted as it did not belong to the assessee. The Tribunal ruled that development costs should only be apportioned to marketable land, deleting the additional profit calculated by including non-marketable portions. The final orders resulted in the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. en-us Fri, 10 Jul 2015 00:00:00 +0530 Thu, 06 Aug 2015 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262206 The Tribunal confirmed the disallowance of Rs. 46,77,792 for unapproved gratuity fund payments. The Tribunal allowed the premium paid for leave encashment. The addition of interest accrued on FDRs under the ASIDE scheme was deleted as it did not belong to the assessee. The Tribunal ruled that development costs should only be apportioned to marketable land, deleting the additional profit calculated by including non-marketable portions. The final orders resulted in the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262206