Held that project cost pending for capitalization is written off is allowable as revenue expenditure. (AY. 2014-15)(ITA No. 3109/ Del/ 2018 dt-30-5-2024)
IHHR Hospitality Pvt Ltd v. Add. CIT (2024) Chamber’s Journal-July-P. 122 (Delhi)(Trib)
S. 37(1) : Business expenditure-Capital or revenue-Project cost-Pending capitalisation-Written off-Allowable as revenue expenditure.
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