https://www.taxtmi.com/caselaws?id=386090 The Tribunal allowed the deduction of revenue expenditure amounting to Rs. 1,09,84,625 debited to the profit and loss account by the assessee, directing the ld. AO to treat it as such instead of capitalizing it to work in progress for a commercial project. The Tribunal upheld the consistent treatment of the assessee's administrative expenses as revenue expenditures, emphasizing their business relevance and legitimacy. Consequently, Ground No. 1 of the appeal was allowed, while Ground No. 2 was left open as it would not impact the total income computation for the relevant year. en-us Wed, 21 Aug 2019 00:00:00 +0530 Sat, 21 Sep 2019 09:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386090 The Tribunal allowed the deduction of revenue expenditure amounting to Rs. 1,09,84,625 debited to the profit and loss account by the assessee, directing the ld. AO to treat it as such instead of capitalizing it to work in progress for a commercial project. The Tribunal upheld the consistent treatment of the assessee's administrative expenses as revenue expenditures, emphasizing their business relevance and legitimacy. Consequently, Ground No. 1 of the appeal was allowed, while Ground No. 2 was left open as it would not impact the total income computation for the relevant year. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386090