https://www.taxtmi.com/caselaws?id=247595 The ITAT partially allowed the appeal, reducing the disallowance of estimated expenditure to 12.5 lakhs. The appellant's claim was upheld in part, restricting the disallowance to 12.5 lakhs due to the lack of proper proof for expenses claimed. The Tribunal emphasized the application of the project completion method in accounting and directed the AO to reexamine the matter to ensure all expenses are accounted for upon project completion. en-us Tue, 06 May 2014 00:00:00 +0530 Fri, 16 May 2014 13:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247595 The ITAT partially allowed the appeal, reducing the disallowance of estimated expenditure to 12.5 lakhs. The appellant's claim was upheld in part, restricting the disallowance to 12.5 lakhs due to the lack of proper proof for expenses claimed. The Tribunal emphasized the application of the project completion method in accounting and directed the AO to reexamine the matter to ensure all expenses are accounted for upon project completion. Case-Laws Income Tax Tue, 06 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247595