Tribunal held that though the expenditure is capitalised in the books of account, if the expenditure is held to be allowable as revenue, on the basis of revised return the same is allowable as deduction. (AY. 2009-2010)
Dy. CIT v. BCH Electric Ltd. (2018) 63 ITR 58 (SN) (Kol.)(Trib.)
S. 37(1) : Business expenditure-Capitalised in the books of account as work in progress-Revised return claiming as allowable revenue expenditure -Held to be allowable. [S. 145]