https://www.taxtmi.com/caselaws?id=191964 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 18,00,000/- as an additional cost of land, citing it as a compensatory business expense. The Tribunal dismissed the Revenue's appeal, emphasizing that the payment was justified due to a delay caused by litigation. Regarding the addition of Rs. 1,80,440/- under section 40(a)(ia) for non-deduction of TDS, the Tribunal remanded the issue to the AO for reconsideration, acknowledging the retrospective application of relevant amendments and directing a fresh examination with due opportunity for the assessee. en-us Mon, 19 May 2014 00:00:00 +0530 Sat, 06 May 2017 07:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191964 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 18,00,000/- as an additional cost of land, citing it as a compensatory business expense. The Tribunal dismissed the Revenue's appeal, emphasizing that the payment was justified due to a delay caused by litigation. Regarding the addition of Rs. 1,80,440/- under section 40(a)(ia) for non-deduction of TDS, the Tribunal remanded the issue to the AO for reconsideration, acknowledging the retrospective application of relevant amendments and directing a fresh examination with due opportunity for the assessee. Case-Laws Income Tax Mon, 19 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191964