https://www.taxtmi.com/caselaws?id=178061 The court dismissed the assessee's appeal regarding the disallowance of business promotion expenses, upholding that only Rs. 2.5 crores out of the claimed Rs. 5 crores was allowable. Additionally, the Revenue's appeal concerning the treatment of Rs. 14.27 crores as 'business expenditure' under section 37(1) was allowed, with the expenditure to be added to work-in-progress and recognized when revenue is realized from the project. en-us Wed, 31 Mar 2010 00:00:00 +0530 Wed, 27 Jan 2016 17:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178061 The court dismissed the assessee's appeal regarding the disallowance of business promotion expenses, upholding that only Rs. 2.5 crores out of the claimed Rs. 5 crores was allowable. Additionally, the Revenue's appeal concerning the treatment of Rs. 14.27 crores as 'business expenditure' under section 37(1) was allowed, with the expenditure to be added to work-in-progress and recognized when revenue is realized from the project. Case-Laws Income Tax Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178061