KAKATIYA URBAN DEVELOPMENT AUTHORITY ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD
In the result, all the appeals filed by the assessee are allowed for statistical purposes
ITA 1722/HYD/2019[2009-10]Status: DisposedITAT Hyderabad26 Dec 2022AY 2009-10
Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar
For Appellant: Ms. SandhyaFor Respondent: Shri Jeevanlal Lavidiya –
Section 25l
25l{l){a) of the LT.Act.
(ii)
The Ld.CIT(A) erred in directing the AO to allow the claim of expenditure of the assessee of Rs.2,79,09,099/-in respect of development charges after verifying whether the same have been incurred out of the development charges received by the assessee, without appreciating the fact that the expenditure is made