Tribunal held that assessee being a real estate developer amount spent on  advertising and business promotion, corporate brand identity exercise, logo design etc  is allowable as deduction as it is not attributable to any particular project . Amount spent on Liaisoning work in relation to a particular project has to be capitalised to concerned project. Tribunal also held that as regards method of accounting is concerned AS-7 or AS 9 or ICAI guidance note on accounting for real estate transactions, 2006  cannot be said to be either cash system of accounting or mercantile system of accounting, only up to AY. 2012-13, because S.145 of the Act has undergone some statutory amendments. (AY. 2012-13)