https://www.taxtmi.com/caselaws?id=401539 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO on account of development expenses and development funds for a listed real estate company. The Tribunal emphasized consistency in accounting methods, noting that the receipts were eventually taxed in subsequent years, causing no loss to the Revenue. The Tribunal found no issues with the CIT(A)'s order and dismissed the Revenue's appeal. en-us Thu, 22 Oct 2020 00:00:00 +0530 Thu, 10 Dec 2020 06:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401539 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO on account of development expenses and development funds for a listed real estate company. The Tribunal emphasized consistency in accounting methods, noting that the receipts were eventually taxed in subsequent years, causing no loss to the Revenue. The Tribunal found no issues with the CIT(A)'s order and dismissed the Revenue's appeal. Case-Laws Income Tax Thu, 22 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401539