https://www.taxtmi.com/article/detailed?id=10906 Expenditure on construction abandoned at work-in-progress stage may be deductible as revenue expenditure when written off as a sunk cost and incurred wholly and exclusively for business; the Tribunal endorsed reversal of an assessing officer's addition where the amounts were charged to profit and loss and no enduring capital asset resulted. en-us Tue, 27 Dec 2022 10:35:26 +0530 Tue, 27 Dec 2022 10:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10906 Expenditure on construction abandoned at work-in-progress stage may be deductible as revenue expenditure when written off as a sunk cost and incurred wholly and exclusively for business; the Tribunal endorsed reversal of an assessing officer's addition where the amounts were charged to profit and loss and no enduring capital asset resulted. Articles Income Tax Tue, 27 Dec 2022 10:35:26 +0530 https://www.taxtmi.com/article/detailed?id=10906