https://www.taxtmi.com/caselaws?id=791686 Project-related ITC reversal was allowed as part of project cost where the assessee showed it was accounted for under the percentage completion method and apportioned between cost of sales and closing work in progress, so the disallowance was deleted. The write-off of advances was not accepted on the existing record because the assessee had not adequately shown that the advance arose in the course of business or had become irrecoverable; the matter was remanded for fresh consideration with an opportunity to adduce evidence. CSR or social activity expenditure was disallowed because the assessee failed to establish a nexus with its real-estate business or that the outlay was wholly and exclusively for business purposes. en-us Fri, 10 Apr 2026 00:00:00 +0530 Mon, 01 Jun 2026 11:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791686 Project-related ITC reversal was allowed as part of project cost where the assessee showed it was accounted for under the percentage completion method and apportioned between cost of sales and closing work in progress, so the disallowance was deleted. The write-off of advances was not accepted on the existing record because the assessee had not adequately shown that the advance arose in the course of business or had become irrecoverable; the matter was remanded for fresh consideration with an opportunity to adduce evidence. CSR or social activity expenditure was disallowed because the assessee failed to establish a nexus with its real-estate business or that the outlay was wholly and exclusively for business purposes. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791686