https://www.taxtmi.com/caselaws?id=260096 The Tribunal upheld the disallowance of expenses from the work-in-progress account for A.Y. 2006-07 and A.Y. 2007-08, directing the Assessing Officer to verify the expenses and their business nexus. The Tribunal found that the CIT(A) erred in setting aside the assessment order and ordering further verification, emphasizing the need to decide based on facts and law. The Revenue's appeals were allowed for statistical purposes, and the assessee's Cross Objections were dismissed as not pressed. en-us Fri, 27 Mar 2015 00:00:00 +0530 Tue, 02 Jun 2015 06:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260096 The Tribunal upheld the disallowance of expenses from the work-in-progress account for A.Y. 2006-07 and A.Y. 2007-08, directing the Assessing Officer to verify the expenses and their business nexus. The Tribunal found that the CIT(A) erred in setting aside the assessment order and ordering further verification, emphasizing the need to decide based on facts and law. The Revenue's appeals were allowed for statistical purposes, and the assessee's Cross Objections were dismissed as not pressed. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260096