Disallowance of payment paid to the landlord towards the land ...

Tribunal's Decision on Land Payments Criticized for Ignoring Project Challenges and Solely Relying on Initial Agreement Clauses.

March 19, 2021

Case Laws Income Tax HC

Disallowance of payment paid to the landlord towards the land expenses - Tribunal has merely relied upon certain clauses of the Joint Development Agreement which was entered into at the initial stage of the project. During the course of the project, there occurred many obstacles and hurdles and they were faced by the appellant and therefore, merely relying on the Joint Development Agreement, the Tribunal erred in law and facts, especially when the Tribunal has not doubted the genuineness of the expenditure incurred by the appellant. - HC

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Disallowance of payment paid to the landlord towards the land ...

Tribunal's Decision on Land Payments Criticized for Ignoring Project Challenges and Solely Relying on Initial Agreement Clauses.

March 19, 2021

Case Laws Income Tax HC

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