https://www.taxtmi.com/caselaws?id=151644 The Tribunal affirmed the Commissioner's decision to delete the addition disallowing the write-off of work in progress, ruling that the work-in-progress was revenue in nature and justified the nil valuation. The cross-objection for depreciation was dismissed as the addition was deleted. The Tribunal upheld the dismissal of both the Revenue's appeal and the assessee's cross-objection. en-us Thu, 15 Apr 2010 00:00:00 +0530 Tue, 11 Jun 2013 12:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151644 The Tribunal affirmed the Commissioner's decision to delete the addition disallowing the write-off of work in progress, ruling that the work-in-progress was revenue in nature and justified the nil valuation. The cross-objection for depreciation was dismissed as the addition was deleted. The Tribunal upheld the dismissal of both the Revenue's appeal and the assessee's cross-objection. Case-Laws Income Tax Thu, 15 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151644