2023 (7) TMI 335

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.... the CIT(A) in National Faceless Appeal Centre, Delhi u/s.250 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2018-19. 2. The only issue raised in this appeal is against the confirmation of disallowance of Rs. 12.00 lakh towards the amount paid to the landlord as compensation. 3. Pithily put, the facts of the case are that the assessee is a Prom....

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....aining amount of compensation was paid during the year under consideration. The AO did not agree with the assessee's submission on noticing section 18 of Real Estate Regulatory Authority (RERA), 2016, which talks for providing compensation to the flat owners and not to the seller of the land. He, therefore, did not accept the assessee's claim, which came to be affirmed in the first appeal. 4. I h....

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....dings. At the initial stage, the assessee claimed such compensation to have been paid to Tenant, whereas, during the course of assessment proceedings, the assessee claimed it as compensation to the seller. In support of the contention, the ld. AR relied on the above referred agreement of Sale cum Development made on 05-12-2008, which has been placed on record to support the contention that the pay....