Abandoned Project Expenses Allowed for Current Year; No Dispute on Capital Nature or Expense Timing.

Abandoned Project Expenses Allowed for Current Year; No Dispute on Capital Nature or Expense Timing. https://www.taxtmi.com/highlights?id=48940 Allowability of expenses of abundant project - there is no allegation that the expenditure incurred by the assessee is capital in nature - It is also not the case of the revenue that the assessee has not incurred the expenditure at all or these expenditure are not pertaining to this year - the expenditure incurred by the assessee for the abandoned project as allowable during the year en-us Wed, 28 Aug 2019 07:54:12 +0530 Wed, 28 Aug 2019 07:54:12 +0530 TaxTMI RSS Generator Abandoned Project Expenses Allowed for Current Year; No Dispute on Capital Nature or Expense Timing. https://www.taxtmi.com/highlights?id=48940 Allowability of expenses of abundant project - there is no allegation that the expenditure incurred by the assessee is capital in nature - It is also not the case of the revenue that the assessee has not incurred the expenditure at all or these expenditure are not pertaining to this year - the expenditure incurred by the assessee for the abandoned project as allowable during the year Highlights Income Tax Wed, 28 Aug 2019 07:54:12 +0530 https://www.taxtmi.com/highlights?id=48940