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Compensation Paid By Builder For Delay In Handing Over Possession Of Flat Is Part Of Work-In-Progress: ITAT Allows Deduction

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that compensation paid by a builder for the delay in handing over possession of a flat should be considered part of . ....

Shobha Srikrushna Sawant , Jayant Hari Mulay , Real Estate Regulatory Authority , National Faceless Appeal Centre , Income Tax , Income Tax Act , Assessing Officer , Vice President ,