https://www.taxtmi.com/forum/issue?id=120224 Deductibility of conversion or development expenses depends on legal and financial attribution: a Power of Attorney alone does not suffice; the person who incurs and pays expenses as evidenced by bills and payments is entitled to claim deductions. If expenditures are made on behalf of the landowner and supported by a PoA deed or agreement plus reimbursement or accounting records, the landowner may claim them; otherwise the assessing officer may disallow the claim. en-us Wed, 09 Jul 2025 21:31:56 +0530 Fri, 11 Jul 2025 11:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120224 Deductibility of conversion or development expenses depends on legal and financial attribution: a Power of Attorney alone does not suffice; the person who incurs and pays expenses as evidenced by bills and payments is entitled to claim deductions. If expenditures are made on behalf of the landowner and supported by a PoA deed or agreement plus reimbursement or accounting records, the landowner may claim them; otherwise the assessing officer may disallow the claim. Discussion-Forum Income Tax Wed, 09 Jul 2025 21:31:56 +0530 https://www.taxtmi.com/forum/issue?id=120224