https://www.taxtmi.com/caselaws?id=463534 ITAT MUMBAI held that payments made to a family for removing encumbrances, settling pending legal issues and securing clear development rights in respect of project property were revenue expenses. The Tribunal found the Assessing Officer's disallowance and reduction from work-in-progress unjustified, set aside the orders of lower authorities and directed the AO to treat the amounts as revenue expenditure. The decision followed the assessee's earlier ITAT finding for the relevant prior assessment year. en-us Fri, 30 Aug 2019 00:00:00 +0530 Fri, 05 Sep 2025 19:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463534 ITAT MUMBAI held that payments made to a family for removing encumbrances, settling pending legal issues and securing clear development rights in respect of project property were revenue expenses. The Tribunal found the Assessing Officer's disallowance and reduction from work-in-progress unjustified, set aside the orders of lower authorities and directed the AO to treat the amounts as revenue expenditure. The decision followed the assessee's earlier ITAT finding for the relevant prior assessment year. Case-Laws Income Tax Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463534