https://www.taxtmi.com/caselaws?id=179037 The Tribunal upheld the order of the Commissioner of Income Tax (Appeals) in an appeal regarding assessment year 2009-10 under section 143(3) of the Income Tax Act, 1961. The Tribunal dismissed the Revenue's appeal challenging the allowance of the assessee's appeal without appreciating the facts of the case. Additionally, the Tribunal upheld the deletion of Rs. 80,90,000 land development expenditure as revenue expenditure, ruling it was for furthering business objectives and not of a capital nature. The Revenue's appeal was ultimately dismissed. en-us Tue, 30 Oct 2012 00:00:00 +0530 Thu, 18 Feb 2016 15:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179037 The Tribunal upheld the order of the Commissioner of Income Tax (Appeals) in an appeal regarding assessment year 2009-10 under section 143(3) of the Income Tax Act, 1961. The Tribunal dismissed the Revenue's appeal challenging the allowance of the assessee's appeal without appreciating the facts of the case. Additionally, the Tribunal upheld the deletion of Rs. 80,90,000 land development expenditure as revenue expenditure, ruling it was for furthering business objectives and not of a capital nature. The Revenue's appeal was ultimately dismissed. Case-Laws Income Tax Tue, 30 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179037