https://www.taxtmi.com/caselaws?id=287333 The Tribunal dismissed the Revenue's appeal regarding the disallowance of Project Facility expenses amounting to Rs. 4,10,06,609 by the AO. The Tribunal upheld the appellant's argument that the expenditure was necessary as per the contractual obligation with NHAI and was treated as work in progress in the previous year. Emphasizing the importance of honoring contractual commitments and consistency in tax treatment, the Tribunal highlighted that disputes over the year of deductibility should not waste resources if tax rates remain the same. en-us Fri, 26 Apr 2019 00:00:00 +0530 Fri, 10 Apr 2020 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287333 The Tribunal dismissed the Revenue's appeal regarding the disallowance of Project Facility expenses amounting to Rs. 4,10,06,609 by the AO. The Tribunal upheld the appellant's argument that the expenditure was necessary as per the contractual obligation with NHAI and was treated as work in progress in the previous year. Emphasizing the importance of honoring contractual commitments and consistency in tax treatment, the Tribunal highlighted that disputes over the year of deductibility should not waste resources if tax rates remain the same. Case-Laws Income Tax Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287333