Tag Archives: IT APPEAL NO. 961 OF 2019

Forfeited advance of Real Estate Co. is allowable business Exp : HC

By | March 27, 2020

The assessee is a company which is engaged in the business of real estate. The main object of the business of the company is development of real estate. It made a payment of Rs. 3.50 crores as advance to HDIL for purchase of land to construct commercial complex for the development of real estate. Since… Read More »