https://www.taxtmi.com/caselaws?id=208494 The appeal filed by the assessee was partly allowed for statistical purposes, with most disallowances upheld and one issue remanded for fresh consideration. The decision emphasized the speculative nature of the business and the uncertainty of revenue realization, leading to the treatment of various expenses as work-in-progress. en-us Mon, 08 Feb 2010 00:00:00 +0530 Tue, 11 Jun 2013 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208494 The appeal filed by the assessee was partly allowed for statistical purposes, with most disallowances upheld and one issue remanded for fresh consideration. The decision emphasized the speculative nature of the business and the uncertainty of revenue realization, leading to the treatment of various expenses as work-in-progress. Case-Laws Income Tax Mon, 08 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208494