https://www.taxtmi.com/caselaws?id=419036 The ITAT Delhi allowed the appeal filed by the private limited company, concluding that the rent paid to the property owners before the actual part payment of the sale consideration was allowable. The ITAT disagreed with the CIT(A)'s finding that the sale occurred in March 2013 and found errors in the decisions of both the Assessing Officer and the CIT(A) regarding the disallowance of rent, ultimately ruling in favor of the assessee. en-us Tue, 22 Feb 2022 00:00:00 +0530 Wed, 02 Mar 2022 08:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419036 The ITAT Delhi allowed the appeal filed by the private limited company, concluding that the rent paid to the property owners before the actual part payment of the sale consideration was allowable. The ITAT disagreed with the CIT(A)'s finding that the sale occurred in March 2013 and found errors in the decisions of both the Assessing Officer and the CIT(A) regarding the disallowance of rent, ultimately ruling in favor of the assessee. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419036