https://www.taxtmi.com/caselaws?id=421780 The ITAT allowed the appeal, overturning lower authorities' decisions on all grounds. The addition of untraceable credits in the bank was found to be a TDS credit receivable, with directions to verify any interest component. Disallowance of interest paid on delayed payments was deemed allowable under section 37(1) of the Act. The provision for Transferable Development Rights was recognized as an accrued liability, directing deletion of the disallowance. The judgment was pronounced on 28.04.2022. en-us Thu, 28 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421780 The ITAT allowed the appeal, overturning lower authorities' decisions on all grounds. The addition of untraceable credits in the bank was found to be a TDS credit receivable, with directions to verify any interest component. Disallowance of interest paid on delayed payments was deemed allowable under section 37(1) of the Act. The provision for Transferable Development Rights was recognized as an accrued liability, directing deletion of the disallowance. The judgment was pronounced on 28.04.2022. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421780