https://www.taxtmi.com/caselaws?id=33191 HC dismissed the appeal and upheld the Tribunal's additions. The Tribunal's finding that an addition of Rs. 12,80,00,000 as undisclosed investment for acquiring development rights was supportable on the evidence and not perverse was sustained; Revenue failed to show non-payment or variance, and conceded acquisition of development rights. The Tribunal correctly allowed deduction for the payment even if s.69C applied. Additions of about Rs.99,00,000 and Rs.4,00,000 recorded in regular books were held examinable in regular assessment proceedings; no interference warranted and appeal dismissed with no costs. en-us Wed, 01 Apr 2009 00:00:00 +0530 Thu, 04 Sep 2025 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33191 HC dismissed the appeal and upheld the Tribunal's additions. The Tribunal's finding that an addition of Rs. 12,80,00,000 as undisclosed investment for acquiring development rights was supportable on the evidence and not perverse was sustained; Revenue failed to show non-payment or variance, and conceded acquisition of development rights. The Tribunal correctly allowed deduction for the payment even if s.69C applied. Additions of about Rs.99,00,000 and Rs.4,00,000 recorded in regular books were held examinable in regular assessment proceedings; no interference warranted and appeal dismissed with no costs. Case-Laws Income Tax Wed, 01 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33191