https://www.taxtmi.com/caselaws?id=438706 The Appellate Tribunal directed the Assessing Officer to delete the additions made regarding the capitalization of selling expenses and depreciation. The Tribunal found that the expenses were revenue expenditure not directly linked to the ongoing project, in accordance with Accounting Standard-7, allowing the appeal of the assessee. en-us Wed, 31 May 2023 00:00:00 +0530 Mon, 05 Jun 2023 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438706 The Appellate Tribunal directed the Assessing Officer to delete the additions made regarding the capitalization of selling expenses and depreciation. The Tribunal found that the expenses were revenue expenditure not directly linked to the ongoing project, in accordance with Accounting Standard-7, allowing the appeal of the assessee. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438706