https://www.taxtmi.com/caselaws?id=177639 Income from a development arrangement did not accrue where the developer's right to develop remained contingent on obtaining statutory approvals and a licence, the land continued as raw land, and no development had commenced; the addition for alleged transfer of development rights was therefore unsustainable. Payment to a consolidator for procuring land was not commission or brokerage because the consolidator acted on a principal-to-principal basis, not as an agent, so section 194H did not apply and the related disallowance under section 40(a)(ia) could not stand. en-us Fri, 21 Mar 2014 00:00:00 +0530 Thu, 14 Jan 2016 12:00:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177639 Income from a development arrangement did not accrue where the developer's right to develop remained contingent on obtaining statutory approvals and a licence, the land continued as raw land, and no development had commenced; the addition for alleged transfer of development rights was therefore unsustainable. Payment to a consolidator for procuring land was not commission or brokerage because the consolidator acted on a principal-to-principal basis, not as an agent, so section 194H did not apply and the related disallowance under section 40(a)(ia) could not stand. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177639