https://www.taxtmi.com/caselaws?id=372612 The ITAT directed the AO to allocate 25% of other project-related expenses to be capitalized under the WIP account, partially allowing the appeal against the disallowance of expenses in the assessment order for AY 2012-13. The judgment emphasized the lack of justification for expense allocation by both the assessee and the AO, requiring a reasonable allocation of expenses related to the project. en-us Wed, 03 Oct 2018 00:00:00 +0530 Wed, 26 Dec 2018 11:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372612 The ITAT directed the AO to allocate 25% of other project-related expenses to be capitalized under the WIP account, partially allowing the appeal against the disallowance of expenses in the assessment order for AY 2012-13. The judgment emphasized the lack of justification for expense allocation by both the assessee and the AO, requiring a reasonable allocation of expenses related to the project. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372612