Dismissing the appeal of the revenue the Court held that, when the assessee follows percentage completion method, brokerage expenditure is allowable in the year when the expenditure is incurred. (AY. 2008 -09)
CIT v. DLF Home Developers Ltd. (2019) 411 ITR 378 (2020) 188 DTR 151 (Delhi) ( HC)
S. 145 : Method of accounting—Construction business–Percentage completion method–Brokerage expenditure–Allowable in the year when the expenditure is incurred. [S. 37(1)]