https://www.taxtmi.com/caselaws?id=279159 The High Court dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's decision. The Tribunal's findings were upheld: (A) expenses for plot development were revenue expenditure with no enduring benefit, (B) CIT(A) lacked jurisdiction to direct income treatment for a different assessment year, and (C) creditors were genuine contractors, not bogus. The Tribunal's reasoning on each ground was deemed valid, leading to the dismissal of the Revenue's appeal. en-us Fri, 18 Oct 2013 00:00:00 +0530 Wed, 06 Mar 2019 10:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279159 The High Court dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's decision. The Tribunal's findings were upheld: (A) expenses for plot development were revenue expenditure with no enduring benefit, (B) CIT(A) lacked jurisdiction to direct income treatment for a different assessment year, and (C) creditors were genuine contractors, not bogus. The Tribunal's reasoning on each ground was deemed valid, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279159