https://www.taxtmi.com/caselaws?id=354152 The Tribunal's judgment favored the assessees on various issues, including the non-taxability of consideration received for transfer of development rights, accrual of consideration, disallowance of land development expenses, disallowance under Section 40A(3), accrual of interest on Fully Convertible Debentures, jurisdiction of CIT(A) to enhance income, non-registration of shareholders' agreement, deletion of addition on unexplained expenditure, and deletion of deemed dividend addition. The Tribunal supported the assessees' contentions, leading to the deletion of several additions made by the Assessing Officer under different sections of the Income Tax Act. en-us Fri, 12 Jan 2018 00:00:00 +0530 Fri, 19 Jan 2018 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354152 The Tribunal's judgment favored the assessees on various issues, including the non-taxability of consideration received for transfer of development rights, accrual of consideration, disallowance of land development expenses, disallowance under Section 40A(3), accrual of interest on Fully Convertible Debentures, jurisdiction of CIT(A) to enhance income, non-registration of shareholders' agreement, deletion of addition on unexplained expenditure, and deletion of deemed dividend addition. The Tribunal supported the assessees' contentions, leading to the deletion of several additions made by the Assessing Officer under different sections of the Income Tax Act. Case-Laws Income Tax Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354152