https://www.taxtmi.com/caselaws?id=367811 The Tribunal upheld the decision that the amounts collected by the assessee towards refundable plot booking advances were capital receipts, not revenue receipts. Consequently, expenses related to these advances could not be considered as revenue expenditures. The Tribunal also affirmed the applicability of Section 40(a)(ia) and the assessment under Section 144, dismissing the Revenue's appeals. en-us Wed, 12 Sep 2018 00:00:00 +0530 Wed, 26 Sep 2018 08:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367811 The Tribunal upheld the decision that the amounts collected by the assessee towards refundable plot booking advances were capital receipts, not revenue receipts. Consequently, expenses related to these advances could not be considered as revenue expenditures. The Tribunal also affirmed the applicability of Section 40(a)(ia) and the assessment under Section 144, dismissing the Revenue's appeals. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367811