https://www.taxtmi.com/caselaws?id=775610 Stamp duty and registration expenses were treated as deductible business es where the assessee followed the Percentage Completion Method, disclosed the amounts in the profit and loss account and under duties and taxes, and the opening and closing work-in-progress were undisputed. The adjustment was made only on an assumption that project cost included sales promotion expenses, but the books did not provide specific support for that view. On that basis, the disallowance was found unjustified and deleted in favour of the assessee. en-us Wed, 16 Jul 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775610 Stamp duty and registration expenses were treated as deductible business es where the assessee followed the Percentage Completion Method, disclosed the amounts in the profit and loss account and under duties and taxes, and the opening and closing work-in-progress were undisputed. The adjustment was made only on an assumption that project cost included sales promotion expenses, but the books did not provide specific support for that view. On that basis, the disallowance was found unjustified and deleted in favour of the assessee. Case-Laws Income Tax Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775610