https://www.taxtmi.com/caselaws?id=406179 The ITAT Hyderabad partially allowed the appeal, modifying disallowances made by the AO and CIT(A) for AY 2012-13. The disallowed land development charges were reduced from 20% to 10% of the total expenditure claimed. The late payment under section 43B was remitted to the AO for reconsideration based on a Delhi High Court decision. The judgment stressed the significance of proper documentation and compliance with legal provisions in determining allowable expenses for tax purposes. en-us Wed, 24 Mar 2021 00:00:00 +0530 Thu, 08 Apr 2021 09:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406179 The ITAT Hyderabad partially allowed the appeal, modifying disallowances made by the AO and CIT(A) for AY 2012-13. The disallowed land development charges were reduced from 20% to 10% of the total expenditure claimed. The late payment under section 43B was remitted to the AO for reconsideration based on a Delhi High Court decision. The judgment stressed the significance of proper documentation and compliance with legal provisions in determining allowable expenses for tax purposes. Case-Laws Income Tax Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406179