Expenses from Abandoned Projects Not Allowed as Revenue Expenditure if Previously Written Off by Assessee.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Expenses written off - abandoned project - similar project was abandoned during the earlier year - those part of the expenditure incurred during the year which are identical to the earlier year, which have been written off by the assessee as abandoned cannot be allowed as revenue expenditure during the year. - AT....