https://www.taxtmi.com/caselaws?id=469911 Project marketing expenses incurred for commercial properties were claimed as revenue expenditure in the profit and loss account without being capitalised in work-in-progress. The assessee, a real estate developer, had not effected any sale of commercial property during the year, and the revenue authorities' adjustment was treated as tax-neutral because any allowance or disallowance would require corresponding adjustments in later years through carry forward, set-off, or work-in-progress. Given the practical difficulty of making year-wise adjustments across multiple assessment years, the addition was deleted and the claim was accepted in favour of the assessee. en-us Tue, 11 Mar 2025 00:00:00 +0530 Wed, 08 Jul 2026 20:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469911 Project marketing expenses incurred for commercial properties were claimed as revenue expenditure in the profit and loss account without being capitalised in work-in-progress. The assessee, a real estate developer, had not effected any sale of commercial property during the year, and the revenue authorities' adjustment was treated as tax-neutral because any allowance or disallowance would require corresponding adjustments in later years through carry forward, set-off, or work-in-progress. Given the practical difficulty of making year-wise adjustments across multiple assessment years, the addition was deleted and the claim was accepted in favour of the assessee. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469911