https://www.taxtmi.com/caselaws?id=179204 The Tribunal confirmed the CIT(A)'s decision, dismissing the Revenue's appeal and upholding the allowance of the deduction for the development expenses and the reduction of the unspent amount from the sale consideration. The Tribunal found that the expenses were justified as a cost of the asset under Section 48 and that the unspent amount should be deducted due to the contractual obligation for infrastructure development. en-us Thu, 28 Aug 2014 00:00:00 +0530 Tue, 23 Feb 2016 10:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179204 The Tribunal confirmed the CIT(A)'s decision, dismissing the Revenue's appeal and upholding the allowance of the deduction for the development expenses and the reduction of the unspent amount from the sale consideration. The Tribunal found that the expenses were justified as a cost of the asset under Section 48 and that the unspent amount should be deducted due to the contractual obligation for infrastructure development. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179204