ITAT rightly disallowed compensation paid by builder to trust for reducing the tax incidence: HC

INCOME TAX: Where assessee, engaged in real estate business, failed to bring on record evidence showing that she had refunded amount received in advance from a trust on account of her failure to hand over a piece of land free from encumbrances and, thus, assessee's claim for deduction under section 37(1) in respect of said payment was rejected by authorities below, no substantial question of law arose from said order

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