https://www.taxtmi.com/caselaws?id=461778 ITAT Mumbai allowed the assessee's appeal regarding project development expenditure disallowance under section 37(1), holding that expenses comprising salaries, employee welfare, travel, professional fees, and interest were revenue in nature. The tribunal found the assessee provided sufficient details to substantiate the expenditure, and the CIT(A) failed to identify specific defects or adverse material to justify disallowance. Regarding section 43B(f) disallowance for leave encashment provision reversal, ITAT ruled that if no deduction was claimed when the provision was created, the reversal amount cannot be taxed. The matter was remanded to AO for factual verification of whether the written-back amount was previously claimed as deduction. en-us Tue, 13 Dec 2016 00:00:00 +0530 Mon, 28 Apr 2025 19:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461778 ITAT Mumbai allowed the assessee's appeal regarding project development expenditure disallowance under section 37(1), holding that expenses comprising salaries, employee welfare, travel, professional fees, and interest were revenue in nature. The tribunal found the assessee provided sufficient details to substantiate the expenditure, and the CIT(A) failed to identify specific defects or adverse material to justify disallowance. Regarding section 43B(f) disallowance for leave encashment provision reversal, ITAT ruled that if no deduction was claimed when the provision was created, the reversal amount cannot be taxed. The matter was remanded to AO for factual verification of whether the written-back amount was previously claimed as deduction. Case-Laws Income Tax Tue, 13 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461778