Held that though the project was complete and handed over, the expenditure incurred on defects and finishing touches of the building was an allowable expenditure. The Assessing Officer did not dispute the expenditure except for the cost of lift, which was an allowable expenditure as no builder would purchase the lift till the structure was complete, and the address on the invoice showed purchase of the lift for the completed project. Moreover, no incriminating material was found against the assessee and the expenditure in the books was examined during survey. Neither section 145(3) was invoked nor were the books of account rejected.  Expenditure on the lift for the completed project is allowable as deduction. (AY.2016-17)