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2018 (4) TMI 188 - AT - Income TaxWrite off the entire amount on CWIP - Treat the CWIP as a revenue expenditure as the write off was made on the ground of commercial expediency - CIT- A dismissed the claim solely on the ground that CWIP was disallowed in the return filed by the assessee - Held that:- High Court in the case of C.I.T Chennai Vs. Abhinitha Foundations (P.) Ltd. (2017 (6) TMI 604 - MADRAS HIGH COURT) and Ramco Cements Ltd. Vs. DCIT (2014 (11) TMI 447 - MADRAS HIGH COURT) held even if a claim made by assessee- company does not form part of original return or even revised return, it can still be considered by AO as well as appellate authorities in case relevant material is available on record. Thus the issue is remitted back to the file of ld. Assessing Officer for a fresh examination. The AO after giving due opportunity to the assessee would decide this issue in accordance with law.
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