Deduction for Marketing & Sales Expenses on Completed Work-in-Progress Project allowable in year of completion

Bengal Peerless Housing Development Company Limited Vs DCIT (ITAT Kolkata)

ITAT Kolkata held that claim of deduction towards marketing and sales expenses relating to work-in-progress project is allowable in the year in which project is completed and sales are booked in the profit and loss account.

Facts- Assessee is engaged in the business of real estate, primarily in the development of residential as well as commercial complexes.
The assessee company had undertaken

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