https://www.taxtmi.com/caselaws?id=408769 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of project expenses amounting to Rs. 15,38,00,157/- by the Revenue. It was found that the assessee's accounting method and project-wise expense reporting were adequate and compliant with relevant standards. The Tribunal emphasized that the AO's ad-hoc disallowance without specific discrepancies was unjustified, affirming the consistency of the assessee's accounting practices and rejecting the Revenue's appeal. en-us Wed, 16 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 09:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408769 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of project expenses amounting to Rs. 15,38,00,157/- by the Revenue. It was found that the assessee's accounting method and project-wise expense reporting were adequate and compliant with relevant standards. The Tribunal emphasized that the AO's ad-hoc disallowance without specific discrepancies was unjustified, affirming the consistency of the assessee's accounting practices and rejecting the Revenue's appeal. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408769