https://www.taxtmi.com/caselaws?id=441305 The appeal challenged the disallowance of expenses as capital work-in-progress and the treatment of certain income. The Tribunal upheld the disallowance of expenses amounting to Rs. 64,08,489/-, stating they lacked a direct connection to business income. However, it directed the AO to allow the expenses as project work in progress, as they were related to the ongoing project. The third ground raised in error was dismissed. en-us Mon, 31 Jul 2023 00:00:00 +0530 Sat, 05 Aug 2023 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441305 The appeal challenged the disallowance of expenses as capital work-in-progress and the treatment of certain income. The Tribunal upheld the disallowance of expenses amounting to Rs. 64,08,489/-, stating they lacked a direct connection to business income. However, it directed the AO to allow the expenses as project work in progress, as they were related to the ongoing project. The third ground raised in error was dismissed. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441305