Held that the Assessee having transferred the impugned expenses to work-in-progress account and not charged to P&L a/c, same cannot be disallowed under s. 43B. (AY.2017-18 & 2018-19)
ITO v. Thrissur Expressway Ltd. (2025) 234 TTJ 676(Hyd)(Trib)
S.43B: Deductions on actual payment-Expenses not charged to P&L a/c-Transferred to work in progress-Disallowances cannot be made. [S. 145]
Leave a Reply