https://www.taxtmi.com/caselaws?id=190266 The ITAT Ahmedabad allowed deductions for necessary business expenses incurred by a non-resident company, finding them to be wholly and exclusively for the project. It held that Section 44C did not apply to project-specific expenses and disallowed penalties under Section 271(1)(c) due to procedural lapses. Additionally, expenses on temporary structures were deemed revenue in nature and allowed as deductions. The tribunal dismissed departmental appeals, ruling in favor of the assessee in a case involving various expense disallowances and penalty proceedings. en-us Fri, 05 Mar 2010 00:00:00 +0530 Fri, 10 Feb 2017 11:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190266 The ITAT Ahmedabad allowed deductions for necessary business expenses incurred by a non-resident company, finding them to be wholly and exclusively for the project. It held that Section 44C did not apply to project-specific expenses and disallowed penalties under Section 271(1)(c) due to procedural lapses. Additionally, expenses on temporary structures were deemed revenue in nature and allowed as deductions. The tribunal dismissed departmental appeals, ruling in favor of the assessee in a case involving various expense disallowances and penalty proceedings. Case-Laws Income Tax Fri, 05 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190266