https://www.taxtmi.com/caselaws?id=263007 The note analyses tax treatment in a development authority's case concerning infrastructure expenditure, development charges, flat-related receipts and provident fund contributions. Expenditure on railway underbridges, bridges, flyovers, sewerage works and welfare fund payments was treated as having a direct nexus with statutory development activity and was allowed as business expenditure. External development charges, refundable securities and similar receipts were not finally characterised as income and were sent back for fresh examination of the governing statute, notifications and factual position. Instalments received against flats were to be taxed in line with the accounting method and earlier Tribunal guidance, with matching expenditure allowed accordingly. Provident fund issues were also directed to be verified under the applicable special rules. en-us Thu, 05 Feb 2015 00:00:00 +0530 Fri, 21 Aug 2015 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263007 The note analyses tax treatment in a development authority's case concerning infrastructure expenditure, development charges, flat-related receipts and provident fund contributions. Expenditure on railway underbridges, bridges, flyovers, sewerage works and welfare fund payments was treated as having a direct nexus with statutory development activity and was allowed as business expenditure. External development charges, refundable securities and similar receipts were not finally characterised as income and were sent back for fresh examination of the governing statute, notifications and factual position. Instalments received against flats were to be taxed in line with the accounting method and earlier Tribunal guidance, with matching expenditure allowed accordingly. Provident fund issues were also directed to be verified under the applicable special rules. Case-Laws Income Tax Thu, 05 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263007