Disallowance of proportionate revenue expenditure - allocating ...

Court Directs AO to Allocate 25% of Project-Related Expenses to Work-in-Progress Account, Overruling 10% Ad Hoc Allocation.

December 26, 2018

Case Laws Income Tax AT

Disallowance of proportionate revenue expenditure - allocating adhoc 10% of other expenses to work-in-progress account - AO directed to allocate 25% of other expenses of as directly related to the project to be capitalized under the head ‘work-in-progress account’.

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Disallowance of proportionate revenue expenditure - allocating ...

Court Directs AO to Allocate 25% of Project-Related Expenses to Work-in-Progress Account, Overruling 10% Ad Hoc Allocation.

December 26, 2018

Case Laws Income Tax AT

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