https://www.taxtmi.com/caselaws?id=468248 Advertisement, brokerage and marketing expenses incurred by a real estate developer for sale of completed units were held to be revenue expenditure under section 37 of the Income-tax Act, 1961. Following the project completion method did not change their character, because the absence of project revenue recognition in the year did not make such selling costs part of work-in-progress. The expenses did not bring any asset into existence and were not project construction costs, so they were allowable as a deduction and not liable to capitalisation. en-us Tue, 23 May 2023 00:00:00 +0530 Fri, 24 Apr 2026 10:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468248 Advertisement, brokerage and marketing expenses incurred by a real estate developer for sale of completed units were held to be revenue expenditure under section 37 of the Income-tax Act, 1961. Following the project completion method did not change their character, because the absence of project revenue recognition in the year did not make such selling costs part of work-in-progress. The expenses did not bring any asset into existence and were not project construction costs, so they were allowable as a deduction and not liable to capitalisation. Case-Laws Income Tax Tue, 23 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468248