https://www.taxtmi.com/caselaws?id=427028 The Tribunal ruled in favor of the assessee, allowing relief for the addition of closing construction work-in-progress (WIP) for AY 2014-15. The Tribunal found that the additional WIP amount was for MIS purposes and not actual expenditure, deleting the addition made by the Assessing Officer. The disallowance of reimbursement of salary under Section 40(a)(ia) was remanded for verification of tax deductions. The claim for deduction of WIP in AY 2015-16 was dismissed as the relief was granted for AY 2014-15. en-us Wed, 27 Jul 2022 00:00:00 +0530 Wed, 31 Aug 2022 06:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427028 The Tribunal ruled in favor of the assessee, allowing relief for the addition of closing construction work-in-progress (WIP) for AY 2014-15. The Tribunal found that the additional WIP amount was for MIS purposes and not actual expenditure, deleting the addition made by the Assessing Officer. The disallowance of reimbursement of salary under Section 40(a)(ia) was remanded for verification of tax deductions. The claim for deduction of WIP in AY 2015-16 was dismissed as the relief was granted for AY 2014-15. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427028