https://www.taxtmi.com/caselaws?id=59501 The Tribunal ruled that advertisement expenses incurred by the assessee should be capitalized as work-in-progress, aligning with principles from the Wall Street Construction Ltd. case. The Tribunal found these expenses directly relatable to individual projects within the Dynamix group. It directed the AO to allow deductions for these expenses in the year of project completion, ensuring accurate income computation. The CIT (A) had initially deleted the disallowance, treating the expenses as non-allocable administrative costs, but the Tribunal's decision emphasized proper allocation and capitalization based on project-specific relevance. en-us Fri, 19 Oct 2007 00:00:00 +0530 Wed, 10 Jan 2024 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59501 The Tribunal ruled that advertisement expenses incurred by the assessee should be capitalized as work-in-progress, aligning with principles from the Wall Street Construction Ltd. case. The Tribunal found these expenses directly relatable to individual projects within the Dynamix group. It directed the AO to allow deductions for these expenses in the year of project completion, ensuring accurate income computation. The CIT (A) had initially deleted the disallowance, treating the expenses as non-allocable administrative costs, but the Tribunal's decision emphasized proper allocation and capitalization based on project-specific relevance. Case-Laws Income Tax Fri, 19 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59501