Court Directs AO to Allocate 25% of Project-Related Expenses to Work-in-Progress Account, Overruling 10% Ad Hoc Allocation.

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....Disallowance of proportionate revenue expenditure - allocating adhoc 10% of other expenses to work-in-progress account - AO directed to allocate 25% of other expenses of as directly related to the project to be capitalized under the head ‘work-in-progress account’.....