https://www.taxtmi.com/caselaws?id=59608 The Tribunal allowed the assessee's appeal, permitting the deduction of Rs. 1,08,16,500 for the estimated construction cost of free buildings. The Tribunal supported the assessee's method of proportionately estimating and deducting the cost, emphasizing the matching principle of recognizing income and expenses concurrently. The appeal outcome directed the AO to allow the deduction in computing taxable income, aligning with the practical approach of segment-wise project completion. en-us Wed, 23 Feb 2005 00:00:00 +0530 Fri, 31 Dec 2010 11:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59608 The Tribunal allowed the assessee's appeal, permitting the deduction of Rs. 1,08,16,500 for the estimated construction cost of free buildings. The Tribunal supported the assessee's method of proportionately estimating and deducting the cost, emphasizing the matching principle of recognizing income and expenses concurrently. The appeal outcome directed the AO to allow the deduction in computing taxable income, aligning with the practical approach of segment-wise project completion. Case-Laws Income Tax Wed, 23 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59608