https://www.taxtmi.com/caselaws?id=766312 The ITAT Indore upheld the CIT(A)'s deletion of various disallowances made by the AO. Regarding City Environment Expenses, the tribunal found these were sunk costs incurred for development objectives without revenue generation, consistently allowed in previous years, and the AO could not take a different view from predecessors. For Contribution Aid Expenses, following Delhi HC precedent, the tribunal allowed these as business expenditure indirectly helping increase business. IMC Transfer Expenses were allowed as genuine expenses with proper documentation and consistent treatment in earlier assessments. Land acquisition expenses were deemed revenue-neutral as they formed part of work-in-progress, requiring no disallowance. All revenue grounds were dismissed. en-us Wed, 01 Jan 2025 00:00:00 +0530 Sat, 22 Feb 2025 08:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766312 The ITAT Indore upheld the CIT(A)'s deletion of various disallowances made by the AO. Regarding City Environment Expenses, the tribunal found these were sunk costs incurred for development objectives without revenue generation, consistently allowed in previous years, and the AO could not take a different view from predecessors. For Contribution Aid Expenses, following Delhi HC precedent, the tribunal allowed these as business expenditure indirectly helping increase business. IMC Transfer Expenses were allowed as genuine expenses with proper documentation and consistent treatment in earlier assessments. Land acquisition expenses were deemed revenue-neutral as they formed part of work-in-progress, requiring no disallowance. All revenue grounds were dismissed. Case-Laws Income Tax Wed, 01 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766312