https://www.taxtmi.com/caselaws?id=11777 The High Court allowed the deduction of consultancy charges for a real estate development firm, emphasizing adherence to the agreement and usual trade practices. However, it upheld the disallowance of land development expenses due to lack of evidence on ownership and construction permissions, and cash payments exceeding limits under the Income-tax Act, citing insufficient proof. The Court ruled in favor of the appellant on consultancy charges but upheld disallowances on land development and cash payments, granting partial relief in the overall judgment. en-us Wed, 07 May 2003 00:00:00 +0530 Mon, 08 Feb 2010 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11777 The High Court allowed the deduction of consultancy charges for a real estate development firm, emphasizing adherence to the agreement and usual trade practices. However, it upheld the disallowance of land development expenses due to lack of evidence on ownership and construction permissions, and cash payments exceeding limits under the Income-tax Act, citing insufficient proof. The Court ruled in favor of the appellant on consultancy charges but upheld disallowances on land development and cash payments, granting partial relief in the overall judgment. Case-Laws Income Tax Wed, 07 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11777